The 2021 Denver real estate market promises to be great for home sellers, brokers and even buyers. The biggest source of long-term demand in the market continues to be demographics. In addition, the short term spike in demand is driven by the current low mortgage interest rates.
The MLS Inventory Crisis For about the past nine years, the news has shown headlines reporting the slow decline of Denver homes for sale. In January 2020, there were approximately 11,670 active detached homes in the Denver MLS. Also, there were only about three months of inventory. That means that if sellers stopped putting homes […]
Some home buyers in Denver now find they cannot even get a showing appointment to see a new listing before it sells. Competition between buyers is that vicious. You see, most listings now come onto the market on Thursday or Friday and showings are often ended by Saturday or Sunday. Because, all of the individual […]
Expect the 2021 Denver real estate market to slow slightly 2021, according to Elliott Eisenberg who headlined the Denver Economic Summit last week. Talking to hundreds of Denver Realtors on-line, the well-known economist also predicted that the overall national economy would likely grow 4% 2021. And, the Fed will not likely begin to raise rates […]
I am frequently asked to estimate rental pricing for the Bonnie Brae neighborhood near Cherry Creek neighborhood. Its a truly unique segment of the Denver real estate market. The most popular of these homes were built from 1922 to 1936. They reflect a unique point in Denver’s architectural history. Because, they abandoned Victorian architectural design […]
The Denver housing market continues to astound buyers, sellers and Denver Realtors alike. Denver home sales soared two record levels, rebounding from April’s lower sales due to Covid 19 lock-downs. The number of homes placed Under Contract/Pending in May 2020 surpassed both April and May 2019. Simultaneously, the number of homes for sale actually declined. […]
The Denver real estate market is recovering the slow-down in sales and homes listed for sale. Since in-person showings resumed on April 27, both sales and the number of listing offered for sale have increased. And, of course showing blew through previous records.
Colorado Governor Jared Polis announced this week that Denver real estate brokers will resume in-person showings next Monday. Previously, real estate services were deemed an “essential service” but showings were expressly prohibited for the last two weeks. That brought the market to near collapse. Now the question remains. Will the Denver real estate Market rebound […]
Today, it finally happened. I’ve been expecting this question about the corona virus effects in the Denver real estate market for a while. And, this question was posed by out-of-town relocation buyers who were planning a house hunting trip in two weeks. they worried that the trip might not be fruitful. “Will we even be […]
Statistics in real estate can show when a good opportunity exists for either a buyer or seller. I am, not very good at statistics but my friend Sean Willcox has been working on this article and it really shows what is happening in our Denver real estate market. Sean is a Broker Associate here in […]