Denver Housing Market by the Numbers

Home sales and the average sold price remained flat compared to this time last year. Home sales fell by 1% while the average price homes sold for increased by 1%. Meanwhile, the number of homes under contract increased by 10% when looking back at February 2018!

New listings showed a 9% increase year over year, which led to increased inventory. Homes continue to sell quickly spending 5 days fewer on the market compared to this time last year. Increased inventory was rewarded by an increase in sales year over year.

Isn’t Everyone Who Sells Real Estate a REALTOR?

All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR “®” logo on the business card or other marketing and sales literature. 

REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again. 

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®. 

Given the complexity of the transaction, the dollars involved, the law which govern the transfer of real estate and the training needed to understand all of these issues, you’ll want to be prudent in deciding which professional you’ll want to help you.

Content provided by the Colorado Association of Realtors. 

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Compromise Is Key When Purchasing A Home In A Hot Market. 

The Denver metro real estate market is heating up and will soon be filled with buyers trying to find that perfect home. When dealing with a hot real estate market, it's important to prioritize which home features are most important to you.

Let's face it there is rarely a perfect home. You may like the main level on one home, the bedrooms on the other and the yard on another. Since you can't combine the 3, knowing what you are willing to compromise on makes it easier to find a home quickly especially during a hot real estate market. 

Here is a great guide that discusses some of the common things that you should ask yourself when determining what is most important for you. 

2019 Is Off And Running...

The housing market across the greater Metro Denver area is off to a great start! New listings are way up with nearly 5,000 new listings to the market accounting for a whopping 109% increase compared to last month!  

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The Selling Season Is Upon Us

What is the selling season you ask? The Selling Season typically starts in late April and runs through August. It's the time of year where you have your highest concentration of potential buyers looking to buy a home. Statistics have shown that Sellers can expect a sales higher price for their home during this time. 

Because of the increase of new listings coming to the market, Buyers have more choices and a better opportunity to find their perfect home. 

The Denver real estate market is always shifting so it is critical that you work with a seasoned REALTOR that understands the market and how to maximize the return on the sale of your home.

Are you are thinking of Buyer or Selling?  If so, we have created these helpful guides that you can download below. These useful guides are packed full of great content that answers many of the questions most people have.
 

When you're ready, we would love the opportunity to meet with you to see how we can help with your real estate needs.  Contact us today!