As a REALTOR, and someone who loves numbers, I like to pay attention to the market news that comes out and I thought I’d share some recent news. The Denver Metro Association of REALTORS, who tracks prices, days on market, average price, etc just came out with the June 2018 numbers.
Good news for buyers, the inventory of homes has increased, which makes for more selection! The most active price range is $400,000 – $500,000, and the median prices actually dropped .56% overall. The days on market have actually been increasing, and we are seeing homes on the market 27- 32 days in this price range. Maybe the day of intense bidding wars are behind us?
The good news for sellers is that the overall inventory is still down from 2017, and prices are up just over 10% compared to last year. If you, as a seller, are thinking of buying, this might be the right time to take advantage of having some time to find just the right house!
Bottom line: With rates going up, if you’ve still been considering selling and buying a new home, now might be the best time! The thing I tell most of my clients is to ask themselves to look at the reason they decided to sell and/or buy in the first place, and determine if its worth waiting. Perhaps the time has come to move on and starting living the life you’ve desired! As always, if there is anything I can do to help you make the decision, or if you have any questions as all, please do not hesitate to ask! I’m here to serve! #denverrealestate #homesforsaledenver #homesforsalebroomfield #inventoryofhomes #ilovemyjob