The prediction for 2021 is more of the same which means real estate will remain hot. Lack of available houses on the market and low interest rates will keep demand high and prices up.
Advice to Sellers: The Metro Denver Seller’s home market continues to see increasing changes. The new challenge for sellers is accurate pricing. Seller’s will see more growth but at a slow pace. Homes are now taking longer to sell and price appreciation is changing. Sellers are increasing because they want to buy the home of… [Read More]
In 2019 we had the lowest average price appreciation in about 6 years, as our market had some ups and downs during the year and finished the year with the Average Single Family Home Price at $526,784 up only 2.8% Annually! Townhomes/Condos were also in the single digits of Appreciation at 4.3% Annually and the… [Read More]
Our Market in 2019 is very similar to 2018 with a couple exceptions like Price Appreciation has slowed a lot and looks to end the year in the 2-4% vs the 8-10% we have seen over the last several years and the Days on the Market is increasing! Here is the good news! Buyers are… [Read More]
Our main Theme for the Denver Metro Market is holding pretty true to what we expected as most of our data is very similar to 2018, however there is one major theme that has happened! We are no longer calling the Market as Shifting, and now we call the market as Shifted! First: Sellers, please… [Read More]
7 COUNTY METROPOLITAN DENVER MARKET UPDATE AUGUST, 2019 Market Metrics: By the numbers, the inventory of available homes for sale is 8,156 homes at July month end, 6,019 homes came onto the market, 4,909 homes went under contract, and 5,355 homes closed at a median sold price of $427,500 and an average sold price of… [Read More]
The Metro Denver prime season continues and we are seeing many changes that are different than in the prior years. New active listings are increasing. For Sellers, you will see an increase in offers, negotiations, and the possibility of price adjustments. With interest rates staying low and many buyers in the market, it continues to… [Read More]