Jennifer Hughes Realtor at Coldwell Banker

👉🏼Get ready for a more extreme seller’s market. While it may be common for buyers to take their foot off the gas and enjoy December festivities, this is the year to put the pedal to the metal in trying to find a property. Interest rates are low, and looking while others are not gives one a competitive advantage, which in this current market is a must
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👉🏼August Denver Housing Stats👈🏼
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According to DMAR: Keeping in trend with traditional seasonality, the transition from July to August felt like a shift as vacations slowed down in preparation for the school year and fall. Buyers are more willing to be patient in order to find the right house for the “right” price. The report saw this reflected in the days in MLS, which increased from nine to 11 in August 2021. Likewise, the close-price-to-list-price ratio dipped ever so slightly month-over-month. In a dramatic data point, the month-end active inventory dropped 11.69 percent. Historically speaking, the change in inventory is relatively consistent from July to August.

However, with both inventory and new listings decreasing, the short-lived “loose grip” on inventory has tightened once again. Months of inventory decreased from the previous month to 0.637. The report also indicated that if no one were to put a property on the market for 19 days, there would be nothing to sell in the entire Denver Metro area.
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🔥 Denver Housing Stats for June proved to be yet another crazy month in real estate. Do you think the market is going to slow down? Do you think interest rates will rise? Reach out if you want to discuss your options! 🌈
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👉🏼 April Denver Housing Stats 🤩
Median house price $526k! Pretty amazing yet continues to make home buying less achievable for first time homebuyers, especially when sellers are receiving tens of offers with the offer price inflated to an out of reach price for many. Not to mention the other creative terms buyers have to offer in order to have a chance to procure a home. On the flip side, the luxury market may start to see a slight slowing as inventory is starting to creep up, allowing those buyers some choice. 👍🏽
And last, interest rates fortunately continue to remain very low, which is a silver lining for all. 🥳
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Check out some fancy homes in this month's edition! http://np.ly/cDyX

Coldwell Banker Newsletter Take a peek inside the homes of celebrities