The housing market in the Denver Metro Area is still going strong! The supply of homes for sale is down over this time last year by about 33%. Demand is up (homes are selling in about ¾ of the time it took last year). As expected when there is less supply and higher demand, sold prices are also up (11% over this time last year)!
For Sellers this is great news, as the trend means homes continue to re-coup some of the equity they lost after the mortgage crisis of 2007-2008.
For Buyers, the stats indicate that getting a home under contract is getting to be a bit more challenging. Since there is less supply, there will be more competition among buyers for the homes that are available. And the “good ones” (and even some not so good ones) will be snatched up by those buyers who are ready to place an offer quickly, and those who have their financing in order.
If you are thinking of selling your home, contact me! I will give you a free market analysis and customized staging tips to help you determine the best price for the current market and help you get your home sold as quickly as possible!
If you are thinking of buying, I can help you get prequalified with a reputable and knowledgeable lender, so that when we find your perfect home, you will be able to make a strong offer, with the highest chance of getting the home you want- at the right price! And please, take advantage of my offer to have your own free, automated, customized search results delivered to your email box each morning! No need to spend time searching on your own and sifting through the same listings day after day! Check out the “Search for Properties” Tab at the top of this page for more information! Or contact me using the form below for a confidential consultation!