How are Denver sales faring in the Fall 2021?

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

The stats are out for the month of October, and it was another strong month!   As of almost the end of November, we are still experiencing low inventory (hovering around 2,500 on weekends), down 52.3% over one year ago. I have had potential Sellers who want to list and buy, but are fearful of not finding a replacement home, so they stay put and remodel.   But when they do list, they sure are seeing a great bottom line!   Multiple offers are still happening, just not at the same pace, it did earlier this year.

 

This data is courtesy of Joan Cox - House to Home, Inc.

 

Lately, we are seeing homeowners pricing their homes a bit closer to fair market value, and seeing fewer price reductions right now.   Between Thanksgiving & New Year's is the best time to be a non-contingent buyer.   The buyers out this time of year are TRUE buyers.

 

See what homes are currently available - Active Homes for sale in Denver

 

Buyers - If you have thought about buying a home this year - NOW IS THE TIME!   The interest rate is unbelievable - hovering around 3%.  You can buy more home than you could just six months ago.  Be sure to be pre-approved and know what your budget is!  Be prepared, many homeowners are asking for a 60-day rent-back to find a replacement home.

 

Sellers - My sellers are seeing a nice bottom line!    If you are thinking of selling but worried you won’t find a replacement home, I can enter into MLS the fact you require a contingency of a replacement home.    

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

 

Comments (16)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Joan... and that fear of finding a replacement home will keep many a potential seller sitting on their hands for the forseeable future. It's a vicious cycle.

Nov 29, 2021 06:31 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Lots of great information, Joan Cox .  Thank you for your market update. 

Nov 29, 2021 06:35 AM
Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hi Joan, with home prices at close to fair market value, are we seeing a faster turn around with home? Also we should be seeing more first time homebuyers coming into the market. 

Nov 29, 2021 06:53 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Hope you are going to do well in 2021...You are a great real estate agent....

Nov 29, 2021 07:19 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Joan, I predict one day buyers will look back on 2021 and say...wish I would have bought back then!

Nov 29, 2021 07:40 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander, Broker I agree, but have recently heard of a new program that could possibly ease those fears.   Once I know, will share here in the Rain.   Not sure if it is national, but will find out.

Nov 29, 2021 08:10 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks for stopping by Ray! 

Nov 29, 2021 08:11 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Tony Busanich I agree, and this is the best time to buy, even though inventory is very slim.

Nov 29, 2021 08:11 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

We are seeing the same thing here for sure.  "Thinventroy" is still at an all time high.  

Nov 29, 2021 08:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you for your support Eric!  

Nov 29, 2021 09:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, I think the buyers that bought in 2021 wish they would have bought in 2020!   

Nov 29, 2021 09:13 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Norma J. Elkins we have 2300 listings in a town with over 3 million people, very thin inventoy!  

Nov 29, 2021 09:13 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joan - that fear of finding a replacement has much to do with the shortage of new listings.

Nov 30, 2021 03:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, I so agree.

Dec 02, 2021 03:54 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Joan,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

 

Btw, great photo!

Dec 03, 2021 03:19 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Bob Crane it is a gorgeous photo.   I bought a few photos from istock to use on my website.

Dec 04, 2021 09:14 AM