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Front Range Real Estate Market Update, April 16, 2021

Is a new construction home in Metro Denver right for you?

There are 32% more new listings this week than there were last week, which is great news for the local market. We still need more homes for sale to satisfy demand, but this is a step in the right direction.

We’re having luck getting clients into homes by looking at new construction. If new construction works for your timeline, it can be a great choice. There are often “quick move-in” homes available that can be ready in one to four months. We saw a big rise in construction jobs in March, which could bode well for buyers – more new homes on the market could help relieve some of the pressure on the market.

We’re also making offers on withdrawn and expired homes. Some of these homes didn’t sell because they were over-priced and, since they’re not on the market, a good offer can sometimes be accepted without going through a bidding war.

We’re relentlessly focused on doing the best work possible.

Whether you’re buying or selling a home, we work hard to represent your best interests. Ready to make your move? Call David and Tom at (720) 782-2468 today.

Metro Denver Real Estate Market Activity

[one-half-first]During the last week:
New Listings – 1436
Back On Market – 156
Price Increase – 199
Price Decrease – 196
Pending – 1933
Withdrawn – 81
Closed – 1387
Expired – 128[/one-half-first][one-half]Previous Week:
New Listings – 1086
Back On Market – 148
Price Increase – 231
Price Decrease – 170
Pending – 1540
Withdrawn – 55
Closed – 1503
Expired – 194[/one-half][clear-line]

Real Estate Market Trends in Metro Denver

Real Estate News: 
Mortgage rates move down to 3.04%

Could Vacant Commercial Buildings Be Converted to Affordable Housing?

David Lampe and Tom Grant, The Principal Team - Metro BrokersLooking for the hardest working team in real estate?

We’re always available and happy to help.

David Lampe and Tom Grant
The Principal Team at Metro Brokers

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(720) 782-2468