Realtor® Tidbits: We continue to see sellers reduce listing prices or offer rate buydowns to attract more buyers. With so many buyers already owning a home. Contingent offers are becoming increasingly common. We see the number of showings on listings increase, but we do buyers’ urgency in January to submit offers. Buyers now have some… [Read More]
FEB 2023/MARCH 2023 NEWSLETTER
In contrast with the scenic backdrop of Telluride, a brawl is brewing between local homeowners and San Miguel County. A judge recently ruled in favor of the locals and rejected re-zoning 39 acres of land for the “Diamond Ridge” project. Instead, developers working with the county aim to build a “Community Housing Zone District,” 780… [Read More]
Market Trends Report | FEB. ’23📺
Realtor® Tidbits: Buyers are coming right back into the market. Sellers can leave the remodeling bank to attract buyers but will reap the rewards of intelligent investments in easy refreshes. Think paint in neutral yet current colors, affordable and exciting lighting updates, decluttering, and enhancing spaces with simple staging techniques. Engage with a Realtor® who… [Read More]
Market Trends Report | JAN. ’23📺
The number of new homes that entered the market in December decreased from November by 35.19 percent. Typically, the market sees a seasonal decline in new listings as sellers pull back to focus their time and energy on the holidays. However, throughout the year, inventory has gradually increased, resulting in homes staying on the market… [Read More]
Market Trends Report | DEC. ’22📺
Detached active listings at month end dropped to 4,572, a 16.02 percent decrease from last month, while attached homes dropped 8.94 percent to 1,681, representing a 216.62 increase year-over-year for detached homes and a 109.08 increase year-over-year for attached homes. While inventory increased from last year, the market is still witnessing the typical end-of-the-year inventory… [Read More]
Market Trends Report | NOV. ’22📺
As the Denver market normalizes, active inventory declined slightly to 7,290 homes at month’s end. However, this is an increase of 115.94 percent year-over-year. While this number reads as a jump, the current inventory is still less than the pre-pandemic inventory numbers of 8,557 active listings in October 2019. Rising inflation and interest rates are… [Read More]
Market Trends Report | OCT. ’22📺
As the Denver real estate market continues to evolve and change with the weather, the question on everyone’s mind is whether or not we are in a buyer’s market. Traditionally, a market with less than three months of inventory is considered a seller’s market. In direct relation to that, a market with more than six… [Read More]
Market Trends Report | SEP. ’22📺
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020 to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. “While… [Read More]
Market Trends Report | AUG. ’22📺
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing… [Read More]
JULY/AUGUST 2022 NEWSLETTER 🎙️
PURCHASES ARE DOWN…IS THE SKY FALLING? Locally, housing inventory is back on the rise after what felt like the most competitive two years. Colorado buyers have slowed their frenetic pace, and many have completely hit the brakes on their home purchases. They are afraid of the current recession and how bad things may get. Rising… [Read More]