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 price your home correctly in the beginning and be quick to respond to feedback as Buyers are bringing their “A game” right now!
Second: Buyers, please get your pre-approvals with Lenders done soon, as you are about to see Historic low interest rates! Get in this market Now!
By the numbers: Total Inventory (Single Family, Condo’s and Townhomes) are up 11.8% Year over Year! Days on the Market are up 11.1% Year over Year!
Average Sold Prices are only up 2.66% Year over Year! The only anomaly is the Condo/Townhome Market as Inventory is up almost 30%!
This is a fantastic time for Move Up Buyers as the Premier, Signature and Luxury Markets have leveled off and prices are flat year over year!
We see some wonderful opportunities for Buyers and Sellers in this Fall Market!
Hurry before the Snow Falls!