Good News for Denver Home Owners

By
Real Estate Agent with The Berkshire Group Realtors

The news is out, the real estate market has changed. Why? There are a variety of reasons:

  • Housing Inventory is low, very low.
  • Interest rates are low, very low.
  • Buyers are confident, they want to buy.
Last month in April the Denver Real Estate sales exceeded the amount of properties that were put on the market by 71 units. The average sales price has increased $14,690 from March to $298,712. That is a $26,800 increase from a year ago. Metro Denver has become a HOT seller's market. If you are a seller this is good news. If you are a buyer, it's not going to get any better. Prices and eventually interest rates are going to rise. When prices and/or interest rates increase, home affordability is lessened. This means you get less of a house, while paying more. There is no better time to buy than now. Really. Each month we are seeing the "Days on Market" average drop. Currently it is less than 3 months.
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Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Kristal -- great news for the real estat market in Denver.  I hope this is the start of a trend across all the states. 

May 28, 2012 12:11 PM #1
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Kristal Kraft
The Berkshire Group Realtors - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

I hope it is the beginning of a national trend.  Thanks for stopping by Joan!

kk

May 28, 2012 12:13 PM #2
Rainmaker
1,156,300
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

This is definitely the time for Denver home owners to be considering putting their homes on the market.  The buyers are out there.

May 28, 2012 12:34 PM #3
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Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

What an amazing turn-around for your mile-high city. It is clear demand and supply is more than back in your market and explains all those CO license plates I saw in our town this weekend! Good news with a very clear presentation!

May 28, 2012 01:56 PM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Kristal

That good news for sellers, and one we are hearing about in many parts of the country. Sure hope it continues. Buyers need to pay attention and consider their options if they are qualified to buy.

Jeff

May 28, 2012 04:29 PM #5
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Kristal Kraft

Selling Metro Denver Real Estate - 303-589-2022
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