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Market Insights We’re seeing homes spend longer on the market as well as more price reductions than in the recent past. Pricing your home correctly right out of the gate is extremely important. Homes with price reductions spent an average of 59 days on the market, compared to just 14 days for homes that sold […]
Metro Denver Real Estate Numbers for October Read More »
As we approach 2020, we can look back at the first three quarters of 2019, January through September. During this period, parts of the Metro area saw price growth, but not like last year. In some parts of town, we saw price drops compared to 2018. Last year, only one zip code experienced a year-over-year
Thoughts on the Market Now Read More »
Market Insights For single-family homes priced below $1 million and condos between $750,000 and $1 million, it’s still a seller’s market. Home appreciation has slowed, but prices are still rising. It’s imperative that sellers price right immediately if they’re looking for a quick sale. In August, homes that sold after price reductions spent an average
Metro Denver Real Estate Numbers for September Read More »
Market Insights Things have changed since the first part of 2018! Then, sellers would get offers over the weekend and choose the best one on Monday. Now, sellers are finding they may have to adjust their asking price to get a good offer. (Well-priced homes are still selling quickly – we just got a great
Metro Denver Real Estate Numbers: September Market Report Read More »
Market Insights The market isn’t quite what it’s been in the last couple years, but it is still very strong. Home prices are historically high, but interest rates are still low and there’s much more for buyers to choose from. More choice and low rates makes it a great time to buy. It’s also a
Metro Denver Real Estate Numbers and Statistics – July 2019 Update Read More »
Market Insights Inventory – the number of homes for sale – continues to rise, but buyers are still competing for homes and multiple offers are still common. While we aren’t seeing five or more offers on homes, we often see two or three competitive offers. Sellers continue to have more leverage than buyers, but overpriced
Metro Denver Real Estate Numbers – April 2019 Numbers and Statistics Read More »
Mortgage rates tumbled in March, experiencing the biggest one-week fall in a decade. Your mortgage rate affects how much your monthly mortgage payment is and the total amount of interest you pay over the life of your loan. Lower rates can add up to big savings over the life of a loan.Mortgage rates tumbled in
Buyers Get a Break with Lower Interest Rates Read More »
Market Insights In February, for the first time in seven years, median home prices in Metro Denver declined compared to a year ago. The last time we saw a year-over-year decline in prices for single-family homes was in October 2011. For condos, it was in 2012. Sellers may not be happy to hear this, but
Metro Denver Real Estate Numbers for February Read More »
Jill Schafer is the Chair of the Denver Metro Association of REALTORS® Market Trends Committee and has some insights into the current market. She says, “The increase in home choices could make it possible for more home buyers to get what they wish for this Christmas. Meanwhile, the low months of inventory will keep prices
More on the Metro Market Read More »
Inventory In Metro Denver, there were 7,530 homes for sale. This was an 11.82% decrease over the prior month, but a very large 46.76% increase over November 2017. Buyers now have more homes to choose from. While sellers are still getting premium prices on their homes, they must price aggressively for a quick sale. Homes
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