Well, if you’re not in the know by now, you’ve been living under a rock 🪨!! Every single statistic shown in the above grid shows a softening market: 7% mortgage rates / the highest in 15-20 years; Increasing inventory – up 90+% since last year at this time; Prices at all time highs – prices
Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While
Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here
Can you say market shift? Active Inventory is up 93.7% from August 2021 to August this year. Can you say market shift? These are incredibly convincing numbers that shows you the slow down is for real. What does this mean for sellers? Sellers – don’t panic. You simply need to ask your CJV Real Estate
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is
Interesting… Looking back at last year at this time, the difference is that inventory has increased 81%! What’s also interesting is to find out that the time on market also went up considerably – almost to two weeks on average before properties went under contract. This is in stark contrast to only eight days last
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making
Is the Shifting Market a Challenge or an Opportunity for Homebuyers? If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising
How quickly have things changed in the Denver Real Estate Market. Overnight. Inventory is now up almost double – 94.1% from June 2021 to June 2022. “Well, it’s about time” is what we should be saying if we are buyers. Is that really what buyers are saying, when interest rates are choking their budgets now?