Many of our clients ask if we are headed for another housing crash like the one the nation experienced in 2008? Along with most housing economists, I believe Denver home prices are not likely to fall. Here is how this real estate market differs from the last down cycle in Denver.
While the low inventory of Denver homes for sale remains in the favor of Sellers, buyers today have more than 4 times the number of homes they can choose from compared just 4 months ago. Now, sellers suffer because homes take a little longer to sell. And, showings dropped to less than 5 per week […]
I am a Pradera Realtor selling homes in Parker Colorado and throughout south suburban Denver. That includes the Pradera Golf Club community . But, this may the craziest market I have ever seen. We have lots of buyers for Pradera country club homes and throughout the Denver suburbs. Still, sales are off record highs for […]
The number of Denver Homes for Sale dropped to a new all-time low. And, inventories are forecast to remain at these record levels though at least June according to Megan Aller, Statistician and Title Officer at First American Home Title. With approximately one million single family homes in the Denver Metro area, less than 800 […]
“Will this Denver real estate market crash? ” That’s the most commonly asked question I am answering for my clients these days. So, I thought’s share my answer with this All Denver Real Estate Blog. I have addressed this question in my writing many times individually. I understand the reason for the question! When […]
Get ready for the inevitable Denver real estate market correction. Unfortunately, this change is not likely to help buyers find more homes for sale or sellers continue to sell at record prices. Federal reserve minutes released this week reveal it will raise interest rates higher and sooner if inflation persists. In turn, rising mortgage interest […]
Surprisingly, only one 1 in 5 Denver renters could qualify to buy a home given a 3% down-payment and the now average Denver home price. That’s a big change from 10 years ago when many renters leased before buying a home. But, Denver home prices have been escalating since 2011. For example, Denver home prices […]
No question about the overall Denver real estate market. It’s on fire! Home prices are escalating at a frantic rate. Buyers are competing with multiple offers. As a result, many Denver home sellers get more than the asking price. Savvy Denver Realtors have been waiting for the number of homes on the market to start […]
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 […]