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The real estate market is still very active. Buyers continue to purchase homes despite the challenges. There were 25 showings for each home for sale last month, which shows how competitive the market is. Buyers should look at homes significantly below what they’re willing to pay, since the final price will likely be much higher […]
Front Range Market Update, June 3, 2021 Read More »
The past year has been a wild ride. Take a look at these graphs to get a sense of how things are changing. Months Supply of Inventory This is the length of time it would take to sell all the homes for sale now if no other homes came on the market, given the current
Colorado Front Range Real Estate Market Update, May 19, 2021 Read More »
A day in the life of Metro Denver real estate One day can tell us much about the market right now. Let’s take a look at Friday, April 23rd and see what happened in the seven metro area counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson. 151 homes came on the market. There were
One day can tell us much about the real estate market now Read More »
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
Front Range Real Estate Market Update, April 16, 2021 Read More »
Market Update, April 1, 2021 If you read our updates, you know we’re in a seller’s market, but you may be wondering what we mean when we say that. Housing prices respond to supply and demand. Right now, there’s high demand for homes and not much supply. In real estate, we often look at “months
Front Range Real Estate Market Update, April 1, 2021 Read More »
Over the past 25 years, nationwide home prices have appreciated about 3.8% per year. During the past year, the average price for a home is up 9.6% in Metro Denver. Nationally, homes appreciated at 9.5%, according to the CoreLogic Case-Shiller U.S. National Home Price Index. When people see numbers like that, the natural inclination is to
Front Range Real Estate Market Update, February 18, 2021 Read More »
The Principal Team’s Ultimate Home Selling System ensures your home is exposed to the maximum possible number of prospective buyers and that you earn top dollar with our “Full Service without the Fees” lower commission home sales program. If you’re thinking of selling this season, give us a call to learn specifics about your market. Call The Principal Team
Metro Denver Home Inventory vs. Home Prices, January 2010 through January 2021 Read More »
During the last week: New Listings – 750 Back On Market – 125 Price Increase – 186 Price Decrease – 271 Pending – 1525 Withdrawn – 76 Closed – 899 Expired – 130 — Previous Week: New Listings – 627 Back On Market – 123 Price Increase – 229 Price Decrease – 224 Pending –
Quick Market Update, 1/28/2021 Read More »
People are wondering what impact the new president will have on real estate. We can’t predict the future, but we do know quite a bit about President Biden’s plans. In general, the administration hopes to make owning a home more affordable. One way they hope to accomplish this is by implementing a first-time homebuyer tax credit.
How will the new administration affect real estate and housing? Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Front Range Real Estate Market Update, 1/7/2021 Read More »
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