Zoe and Chris Naggar cut their teeth as professional athletes before transitioning into real estate. The Engel & Völkers advisors and husband-and-wife duo say the transition was a natural one, with both professions requiring a “hustle and grind” mentality.
Like many buyers in the Denver real estate market, the Naggars relocated to the city from out of state. The constant influx of newcomers to the Mile High City has helped keep the market relatively stable, they say.
Inventory in the Denver metro area is higher now than it was during the pandemic-era market, giving buyers more options. Buyers can be pickier, and they’re leveraging the current market conditions through seller concessions. The Naggars estimate that concessions are now part of 80 percent to 90 percent of their deals, with interest-rate buydowns the most popular option. With rates climbing, they say buydowns are helping keep the market moving.
Still, the Naggars say bidding wars remain possible for appropriately priced homes in popular neighborhoods.
Condos are Denver’s most sluggish segment. HOA dues are rising, and in some cases, deferred maintenance is leading to special assessments. More importantly, they say, higher interest rates and rising home prices are pushing many first-time buyers—the majority of condo buyers—out of the market altogether.
Overall, the Naggars say the market is not nearly as volatile as it was between 2021 and 2023 and has largely stabilized.
Demand for homes in Highlands and Sloan’s Lake—which have been popular for years—is spilling into Sunnyside, Berkeley, and the greater Tennyson area. On the other side of the city, Cherry Creek’s popularity is spilling into Lowry and extending south toward Hampden. Outside the city, new construction is becoming an increasingly popular option for first-time buyers because national builders can offer significantly lower interest rates than open market rates.
Looking six months ahead, the Naggars predict the market will continue moving upward and in the right direction.
The Numbers
Market Snapshot Denver metro area – as of July 31, 2026
Source: Zillow
For Sale Inventory
4,249
New Listings
1,135
Median Sale Price
$607,333
Percentage of sales over list price
26.1%
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