Negative news continues to dominate the media, especially regarding the real estate market. With the latest changes to the world economy, it's clear these fears have been perpetuated to the point of panic. Let's lay out the facts. Yes, the market is slowing down, but that doesn't mean it is dead. We're just going back to where we were before
[...]
Here in Denver, the real estate market typically goes through seasonal shifts; something we haven't seen since the pandemic. Kids are back in school, leaves are changing, and things are slowing down. As we enter this autumnal shift, we're finally seeing real estate metrics return to more normal, pre-pandemic numbers. The latest data from
[...]
We are officially in back-to-school mode! In the greater Denver area, we tend to experience a shift from early August through Labor Day, with prices retracting and less inventory added daily. As headlines continue to read negatively, let's discuss why you should remain positive in this
[...]
Average sales price continues to increase across the board for detached and attached homes in the Denver Metro Area. Compared to this time last year, detached homes' average sales price increased 11.5%, and 15.7% for attached homes.
As volatile as the market has seemed these past few months and even years, May continued to see home values increase for both single-family homes and townhomes & condos. Single-family homes rose a remarkable 16.7% year over year, but a fairly standard 5.3% for townhomes & condos. Though the number of pending sales and sold listings have [...]
The market is officially in transition. It hasbeen a seller'smarket for quite some time, but we are starting to see buyers smarten up, try new strategies, and level the playing
[...]
While we aren't seeing 20+ offers on properties, which we've grown accustomed to, we're still seeing many homes go under contract with multiple backup offers.
The Denver/Lakewood/Aurora area remains one of the hottest markets in the country, coming in at number 10 in the top 20 most active metro areas for prospective buyers. Active inventory
TheDenver real estate market never really slowed down in the latter halfof 2021 (defying seasonal norms), then quickly picked up speed in 2022 and is on pace for another record breaking Spring selling season. Denver area home buyers are more determined and committed than ever and homes are going under contract at a feverish pace. Even with [...]
Socials