Denver Real Estate Market Update

There are many great Denver area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (303) 523-4364 for a FREE home buying or selling consultation to answer any of your real estate questions.

Denver Real Estate Market Update

Now that we are halfway through spring 2014, Colorado is having a record year. Here are a few highlights of what we are seeing in the market:

• With a 28% decrease in the Time on Market from this time last year and an 8% increase in home values from this time last year, we are clearly in a seller’s market. This is huge for Denver after a ten year recession!
• Inventory is down, which is posing a huge problem for sellers that have recently sold their home. To combat this problem, we are looking at the next step for where the seller wants to go beforehand.
• Do we buy first and then sell?
• Do we sell first, but make it contingent on the sale of the house?
• Do we sell first and then rent back from the new buyer for a specified period of time?

Without having those options outlined beforehand, sellers are having trouble finding places to live after they’ve sold their home. However this issue is not entirely negative. With this increased demand:

• Buyer interest is increasing
• Homes that were being updated during the recession are finally hitting the market and are looking gorgeous!

If you have any questions, please feel free to call us. I look forward to our call being the best call of your day!

Metrolist Monthly Snapshot
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Metrolist Monthly Snapshot
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(Click to enlarge)