Selling Residential Real Estate in Metropolitan Denver
The truth is that well positioned homes are selling in days. The chart is really reflective of the hard to sell properties. The market had a slight increase in available units for the first time since June of 2012 Inventory imbalance may act to hold back total sales Market times continue to lessen. Average prices [...]
Properties over $600K are in a buyers market. The market is very aggressive under $400K. 2013 starts out with properties on the market for 25 days less than in Feb. 2012 The tiny green bars on the chart reflect the lowest inventory of homes in 30 years. We continue to sell more than we place [...]
For the past 5 years the media, and many people who should know better, have been flapping their gums about a housing crises. Somewhere in the misty past, this column mentioned we did not have a housing crises, but rather a financial crises that affected housing. So, with resale inventory plummeting around the United States, [...]
January 2013 was the strongest Jan. sales month in recent memory. Price ranges below $600K reflect a buyers market. Available resale inventory lowest in 30 years. Strong Jan. sales portends a strong 2013. Average sold prices poised to exceed $350,000 in 2013 Fast sales can be expected all year.
Positive Price Creep-more homes are selling at higher prices! Lack of inventory pushes prices higher. That and low interest rates. The seasonal sales decline isn’t declining much this year! Days on market are increasing as winter arrives, but still a sellers market! Average Sold Prices still very high, a great jump off point for 2013!
Commentary The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $500,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in the first [...]
All prices ranges under $500K are now in a sellers market. The average days on market are slowly trending up, but this is a seasonal reaction. Average Sold prices remain high for the season, indicating the potential for strong prices in 2013. Available inventory is approaching crises levels Sales remain strong as the market winds [...]
Market strength is now reflected into the $500K + categories. Although it is still a buyers market in the upper price ranges, market resiliency is now apparent through the 2 Million range. The lack of inventory is, and will continue to slow sales going into 2013. The Denver market remains strong, with 2012 finishing as [...]
Key Economic Statistics The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but has become very stressful for buyers, especially in the prices ranges under $400,000. Sellers are often receiving multiple offers, and many properties are receiving bids in excess of asking price, often in [...]
With both of the National political conventions soon to start, there seems to be a strong interest in knowing if or how the upcoming presidential election may affect the housing market. Taking every precaution to remain politically neutral, we will take a crack at that question this month. In order to remain neutral, we will [...]
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