The Denver real estate market continues to present challenges and opportunities for buyers and sellers alike. A typical Spring market is full of activity. Buyers hope to move in before the school year begins anew in the Fall. Sellers hope to capitalize on this increased activity and list into a wave of buyer interest. As
Spring is here! And with it, the March 2023 Denver Real Estate Market continues to show steady growth in both inventory and sales. The total inventory of available homes in the Denver area has increased significantly since March 2022. And, typical of the Spring market, there is more activity. More homes are coming onto the
Let’s discuss the Denver real estate market and highlight the top three current trends that potential buyers and sellers need to know. There is great news for buyers as the market becomes more accommodating. First, let’s talk about the current state of the Denver housing market. While home values have increased by 14.7% over the
February 2023 continues to show a steady, stabilized market. We are still in a slight Seller’s Market, despite inventory up 208% from last year (Feb 2022). We still need more homes. Supply is typically showing 1-2 homes in a neighborhood price point that someone is looking for – there just isn’t a massive inventory selection. How is that
January 2023 is a story of interest rates and inventory. From the Denver Metro Association of Realtor Market Trend Report: Active Listings dropped 1,339 from December to end at a total 4,120 by the end of January. This is 29.94% below 2019 and new listings are 40.84% below 2019 (2,858). The total inventory for detached
The end of 2022 ended with a much needed 222% increase of inventory over last year. Even though that sounds like a lot, that’s the good news. We could have used 300%+ increase to balance the market. The challenge has been the rising interest rates everyone is talking about. For every 1% increase in interest
“It’s beginning to look a lot like recession 🎵 ” – a play of a holiday classic! True story ~ can you say 178% increase with homes inventory from last year (Nov ’21) to Nov ’22 – wow! Pair that with seasonal slow down, and there are all of a sudden more opportunities for home
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the
Taking stock of the housing market: Is it a buyers’ or sellers’ market? Or both? CJV Realtor was interviewed by Colorado Public Radio on Colorado Matters. Compared to her first time home buyer 6 months ago who was making 5 offers a week and getting beat out by tens of thousands of dollars, her client
Well, buyers asked for a reprieve and they got it. Bidding wars are still out there, but they are fewer and further in between. We are moving back towards a balanced market with inspection contingencies and seller concessions. As for the supply of homes, it’s definitely coming – 115% more homes from October 2021 to