Wednesday, November 14, 2018

Denver Real Estate Market Update November 2018







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

NOVEMBER, 2018



By the numbers:



-        The inventory of available homes for sale is 7,772 homes at October month end

-        4,986 homes came onto the market

-        3,665 homes went under contract

-        4,131 homes closed

-        Median sold price $398,900

-        Average sold price $462,440

-        Closed dollar volume $1.9 Billion. 



Monthly Market Recap:



Single Family:                                                                   

Active Inventory is 5,563                                                   

Sold Homes is 2,890                                                                      

Average Price is $515,780                                      

Median Price is $430,000                                        

Average Days on Market is 38                                                       



Condo:

Active Inventory is 2,209

Sold Homes is 1,242

Average Price is $338,153

Median Price is $295,000

Average Days on Market is 67



Year To Date Market Recap:



Single Family:                                                                   

Sold Homes is 31,492                                             

Average Sold Price is $515,520                                         

Median Sold Price is $439,900                                

Average Days on Market is 30                                



Condo:

Sold Homes is 13,084

Average Sold Price is $346,812

Median Sold Price is $295,000

Average Days on Market is 57

Market Facts:



The October Metro Denver home market is more of a normal fall season than the decline noted in the previous months even though October traditionally starts the home market slowdown.  The number of active listings has increased, the number of homes sold has decreased, the home price appreciation is slowing down, buyer demand is changing, and mortgage interest rates are increasing.    As a Buyer or Seller, know what is happening in the home market.



Advice to Sellers:



The Metro Denver Seller’s fall home market is here and Sellers should know what is happening in the market.  Active listings have increased.  Buyer demand continues.  Price appreciation levels are dropping.  Interest rates are increasing.  Homes are now taking longer to sell.  Buyers always will determine what your home is worth.  As a Seller, it is time to focus on getting off the fence, knowing what is happening in the home market, what are the home market statistics, and what is your current home value.  Be realistic in your outlook and stay focused on the home sale.



The Metro Denver home market is seeing a decrease in showings, fewer multiple offers, more homes coming back on the market. and buyers who are cognizant of the home market changes.  Manage your expectations, be flexible, be civil, and accept the offer that works best for you the Seller.



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a market expert and can assist in the Professional plan to sell one’s home.



Advice to Buyers:



The fall Denver home market is here.  As a Buyer, know that the homes available for sale will continue to increase.  As a Buyer, you will probably see that the number of Buyers will continue to be a high number.  Sellers will continue to focus on the sale of their home; but, they know that the market is changing and as a Seller, they will have to consider the changes taking place in the Metro Denver Home Market.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  As a Buyer, be aware that the mortgage interest rates will increase several more times.  As a Buyer, if you do not buy now, in the future you will have less opportunity.  As a Buyer, be prepared to act quickly.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.


Saturday, October 20, 2018

RE/MAX National Housing Report October 2018

September Home Sales Tumble as Prices Remain at Record Highs


1.) September sales dropped 11.6% year-over-year nationwide
2.) Median sale prices rose to $241,000. That’s an increase for the 30th month in a row
3.) Active inventory dropped 4.7% from September 2017. That’s the 119th month in a row to see fewer homes on the market.

The drop in sales does suggest that the market is rebalancing as buyers and sellers are processing higher interest rates. Prices are still high most likely because of the lack of homes that are on the market.  
Of course, these numbers represent a national sample. If you’re thinking about a transition or just interested in finding out what all of this means for the value of your property,  I’d be happy to talk to you about our local market.




Tuesday, October 16, 2018

Denver Real Estate Market Update October 2018







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

OCTOBER, 2018



By the numbers:



-        The inventory of available homes for sale is 7,865 homes at September month end

-        5,483 homes came onto the market

-        3,776 homes went under contract

-        3,921 homes closed

-        Median sold price $398,950

-        Average sold price $451,525

-        Closed dollar volume of $1.77 Billion. 



Monthly Market Recap:



Single Family:                                                                   

Active Inventory is 5,751                                                   

Sold Homes is 2,734                                                          

Average Price is $496,570                                      

Median Price is $425,000                                        

Average Days on Market is 33                                                       



Condo:

Active Inventory is 2,114

Sold Homes is 1,187 

Average Price is $347,775

Median Price is $299,525

Average Days on Market is 56



Year To Date Market Recap:



Single Family:                                                                   

Sold Homes is 28,478                                             

Average Sold Price is $515,657                                         

Median Sold Price is $440,000                                

Average Days on Market is 29                                



Condo:

Sold Homes is 11,794

Average Sold Price is $347,764

Median Sold Price is $295,000

Average Days on Market is 55

Market Facts:






Advice to Sellers:



The Metro Denver Seller’s home market continues slowing down.  Sellers should know what is happening in the market.  Active listings have increased.  Buyer demand continues.  Price appreciation levels are dropping.  Interest rates are increasing.  Homes are now taking longer to sell.  Buyers always will determine what your home is worth.  As a Seller, it is time to focus on home improvements that will benefit both you as the Seller and the Buyer.  Always remember that as a Seller, you need to leave a great lasting home impression for all Buyers when they have been shown your home.



The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the home market changes.  Manage your expectations, be flexible, be civil, and accept the offer that works best for you the Seller.



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a local expert, knowledgeable, and can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.



Advice to Buyers:



The Denver home fall market is here.  As a Buyer, know that the homes available for sale will continue to increase.  As a Buyer, you will probably see that the number of Buyers will continue to be a high number.  Sellers will continue to focus on the sale of their home; but, they know that the market is changing and as a Seller, they will have to consider the changes taking place in the Metro Denver Home Market.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  We will see a slowdown of activity; but, overall the home market will continue to be the Buyer’s destination.  As a Buyer, be prepared to act quickly.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.


Saturday, September 22, 2018

RE/MAX National Housing Report September 2018

RE/MAX National Housing Report September 2018

As Fall moves in, I wanted to share a few updates on the housing market. The August RE/MAX Housing Report shows that inventory remains low and prices are still on the rise. However, the number of days a house is on the market has decreased. 

Here three key takeaways from the August Housing Report:

1.  Home prices rose 3.7% over August 2017
2.  August market the 29th month with a year-over-year price increase.
3.  August marked the smallest decrease in year-over-year inventory since August 2014 –      5.4%

This could be a sign of a balanced market in the future. Wondering what all of this means for you? I’d be happy to discuss these numbers along with our local market conditions with you personally. Feel free to give me a call with any questions or for a complete home and market evaluation.





Thursday, September 20, 2018

Denver Real Estate Market Update September 2018







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

SEPTEMBER, 2018



By the numbers:

-        The inventory of available homes for sale is 7,317 homes at August month end

-        6,076 homes came onto the market

-        4,191 homes went under contract

-        5,044 homes closed

-        Median sold price $405,000

-        Average sold price $464,957

-        Closed dollar volume $2.35 Billion. 



Monthly Market Recap:



Single Family:                                                                   

Active Inventory is 5,384                                                   

Sold Homes is 3,604                                                                      

Average Price is $513,979                                      

Median Price is $437,500                                        

Average Days on Market is 29                                                       



Condo:

Active Inventory is 1,933

Sold Homes is 1,440

Average Price is $342,264

Median Price is $292,250

Average Days on Market is 43



Year To Date Market Recap:



Single Family:                                                                   

Sold Homes is 25,633                                             

Average Sold Price is $517,798                                         

Median Sold Price is $440,000                                

Average Days on Market is 29                                



Condo:

Sold Homes is 10,555

Average Sold Price is $347,877

Median Sold Price is $295,000

Average Days on Market is 55



Market Facts:



August continued to see changes in the Metro Denver home market.  The number of active listings has increased, the number of homes sold has decreased, and the average and median sold price has decreased.  Overall, the Metro Denver Home Market continues to be a prime market and Buyers will be looking for a home to have for the holidays.  As a Seller or Buyer, please be aware of the changes that are occurring in this home market and as always, Be Prepared.



Advice to Sellers:



The Metro Denver Seller’s home market continues to slow down. Sellers should know what Buyers are looking for, what changes in the home market that are taking place and will impact you selling your home, and know that you have to create a lasting impression of your home as you are offering your home for sale.  As a Seller, it is time to focus on home improvements that will benefit both you as the Seller and the Buyer.  Always remember that as a Seller, you need to leave a great lasting home impression for all Buyers when they have been shown your home.



The Denver home market is seeing a decrease in showings, fewer multiple offers, and buyers who are cognizant of the home market changes.  Manage your expectations, be flexible, be civil, and accept the offer that works best for you the Seller.



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements, introduction to a net sheet to understand the bottom line, and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a local expert and can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.



Advice to Buyers:



The Metro Denver home market continues to be a Seller’s market even though the number of active listings continues to increase and we are seeing signs of leveling off and preparing for the upcoming fall season.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  We will see a slowdown of activity; but, overall the home market will continue to be the Buyer’s destination.  As a Buyer, be prepared to act quickly.



The Metro Denver population is increasing and we are seeing Home Buyer’s find their own independence through homeownership.  Create your home buying plan and stick to it.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.




Saturday, August 25, 2018

RE/MAX National Housing Report July 2018

RE/MAX National Housing Report July 2018
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Selling Homes Over Full Price in 2018!
Check us out: www.team-koz.com



Thursday, August 9, 2018

Denver Real Estate Market Update August 2018







7 COUNTY METROPOLITAN DENVER MARKET UPDATE

AUGUST, 2018



By the numbers


-        The inventory of available homes for sale is 6,762 homes at July month end

-        5,910 homes came onto the market

-        4,696 homes went under contract

-        4,923 homes closed

-        Median sold price $412,000

-        Average sold price $471,734

-        Closed dollar volume $2.32 Billion. 



Monthly Market Recap:



Single Family:                                                                   

Active Inventory is 5,069                                                   

Sold Homes is 3,529                                                                      

Average Price is $521,834                                      

Median Price is $448,500                                        

Average Days on Market is 23                                           



Condo:

Active Inventory is 1,693

Sold Homes is 1,394

Average Price is $344,902

Median Price is $295,000

Average Days on Market is 40         



Year To Date Market Recap:



Single Family:                                                                   

Sold Homes is 21,895                                             

Average Sold Price is $518,755                                         

Median Sold Price is $442,000                                

Average Days on Market is 29                                



Condo:

Sold Homes is 9,065

Average Sold Price is $348,999

Median Sold Price is $295,000

Average Days on Market is 56

Market Facts:



July is historically a slower month than June and this July continues to be weaker as overall buyer activity has slowed causing a cooling in the Metro Denver home market.  The number of active listings has increased, the number of homes sold has decreased, and the average and median sold price has decreased.  Overall, the Metro Denver Home Market continues to be a prime market.  As a Seller or Buyer, please be aware of the changes that are occurring in this home market.



Advice to Sellers:



The Metro Denver Seller’s home market is slowing down but Buyer’s will continue to look to purchase a home of their choice.  Sellers should know what Buyers are looking for, what changes in the home market that are taking place that will impact selling their home, and know that as a Seller you have to create a lasting impression of your home.  Buyer’s continue to focus on “Smart Homes”, “Healthy Homes”, Life Style choices, and their best choice of a home.



Manage your expectations, be flexible, be civil, and accept the offer that works best for you the Seller.



Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements, introduction to a net sheet to understand the bottom line, and a conversation on how the market functions.  As such, the homeowner looking to sell a home needs a professional who is a local expert that can assist in the Professional plan to sell one’s home.  Now is the time to reach out to a Professional.



Advice to Buyers:



The Metro Denver home market continues to be a Seller’s market even though the number of active listings continued to increase in July.  As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction.  The Denver home market is seeing a continuous slow down which equates to an increase in the number of days a home stays on the market.  As a Buyer, be prepared to act quickly.



The Metro Denver population is increasing and we are seeing Home Buyer’s find their own independence through homeownership.  Create your home buying plan and stick to it.



Know what you want in a home, where you want to live, and what price range you can afford.  Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.  Be prepared, manage your expectations, and be open to looking at the entire Denver market.  Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.






Sunday, July 29, 2018

Tuesday, July 24, 2018

Denver Real Estate Marekt Update July 2018

Denver Real Estate Market Update June 2018!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado Selling Homes Above Full Price in 2018!
By the numbers:
- The inventory of available homes for sale is 6,595 homes at June month end
- 6,836 homes came onto the market
- 4,870 homes went under contract
- 5,358 homes closed
- Median sold price $417,000
- Average sold price $483,511
- Closed dollar volume $2.59 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,977
Sold Homes is 3,887
Average Price is $530,535
Median Price is $450,000
Average Days on Market is 24
Condo:
Active Inventory is 1,618
Sold Homes is 1,471
Average Price is $359,254
Median Price is $300,000
Average Days on Market is 53
Year To Date Market Recap:
Single Family:
Sold Homes is 18,199
Average Sold Price is $518,535
Median Sold Price is $440,000
Average Days on Market is 30
Condo:
Sold Homes is 7,609
Average Sold Price is $349,930
Median Sold Price is $295,000
Average Days on Market is 60
Market Facts:
June now shows a change in the Metro Denver Home Market. Yes, more homes are now active on the market and price appreciation has slowed down; but, we continue to see many potential home buyers in the Metro Denver market. Overall, the Metro Denver Home Market continues to be a top home market and this home market is not a “bubble” around the corner. As always, be prepared and get real about your expectations.
Advice to Sellers:
The Metro Denver Seller’s home market continues and Buyer’s are now looking to purchase a home so they can live in a neighborhood that will allow them to have Life Style choices and potentially have their children go to the school of their choice. As a Seller, you should pretty much know what Buyer’s are looking for and know that you have to create a lasting impression of your home as you are offering your home for sale. Buyer’s continue to focus on “Smart Homes”, “Healthy Homes”, and Life Style choices.
Manage your expectations, be flexible, be civil, and accept the offer that works best for you the Seller.
Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements, and a conversation on how the market functions. As such, the homeowner looking to sell a home needs a professional who is a local expert, market knowledgeable, and can assist in the Professional plan to sell one’s home. Now is the time to reach out to a Professional.
Advice to Buyers:
The Metro Denver home market continues to be a Seller’s market even though the number of active listings increased in June and the mortgage interest rates decreased by a small percentage.
As a Buyer, make the offer that works for you and is the offer that you can complete to close the transaction. The Denver home market is seeing a small slow down which equates to an increase in the number of days a home stays on the market. Be aware that Sellers are becoming concerned with Buyers who are not really in the home market. As a Buyer, be prepared to act quickly.
The Metro Denver population is increasing and we are seeing Home Buyer’s find their own independence through homeownership. Create your home buying plan and stick to it.
Know what you want in a home, where you want to live, and what price range you can afford. Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home. Be prepared, manage your expectations, and be open to looking at the entire Denver market. Reach out to a Professional today about your best options and opportunities to participate and succeed in the purchase of your “Dream” home.