Although there may be a lower number of homes for sale in the winter months, it may be the best time for you to buy. Home prices peak in the spring and summer months, with prices gradually rising from the beginning of the year. In 2014 the average price of a home in the Denver Metro area rose by 11%, hitting an all-time high, and it is estimated they will continue to rise in 2015.

The biggest factor in rising home prices is the number of homes for sale. In 2014, the Denver Metro area average 8,000 properties on the market, while in 2007 there was peak of 31,000 properties for sale. The average home price in 2007 dropped 14%.

Additionally, as of today the FHA is reducing the Mortgage Insurance premium by .5%, which on a $300,000 loan will be a savings of up to $1500 a year. Pair this premium reduction with record low interest rates and it could make the difference in qualifying for a loan right now.