Team Koz - Experience is Priceless!
Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado! #1 Ranked agent at RE/MAX Professionals 3 years in a row!
Michael Kozlowski has also been Ranked as high as #15 out of over 56,000 RE/MAX Agents in the entire United States.
Michael has been recognized for sales volume of over $425,000,000 over the past 17 years, being awarded one of the highest RE/MAX Club Award Levels the Prestigious Titan Club Award.
-The inventory of available homes for sale is 6,235
homes at October month end
-4,657 homes came onto the market
-4,628 homes went under contract
-4,475 homes closed
-Median sold price of $349,900
-Average sold price of $397,611
-Closed dollar volume of $1.779 Billion.
Monthly Market Recap:
Active Inventory is 4,799
Sold Homes is 3,162
Average Price is $442,934
Median Price is $380,000
Average Days on Market is 34
Active Inventory is 1,436
Sold Homes is 1,313
Average Price is $288,462
Median Price is $241,700
Average Days on Market is 30
Year To Date Market
Sold Homes is 31,951
Average Sold Price is $441,735
Median Sold Price is $380,000
Average Days on Market is 32
Sold Homes is 12,811
Average Sold Price is $286,100
Median Sold Price is $239,000
Average Days on Market is 31
October was a very interesting month in the Denver home
market as we saw an increased seasonal slowdown that was not only impacted by
the time of year; but, also by the current election cycle.Thankfully the election is over and now we
all can focus on our priorities.Active
listings at month end have decreased as well as closings.The Denver home market will continue to see a
seasonal adjustment.As always, Buyer or
Seller be prepared.
Advice to Sellers:
Buyers today continue to be more educated on the Denver home
market.We are in a slower time of year
as traditionally the 4th Quarter relates to less home closing
transactions per month than in the previous months of the year.With fewer homes available for sale a Buyer
could be around the corner at any time.
As a Seller in the current home market, you need to be aware
of: (1) Increased appraisal times, (2) Buyers focused on smart homes, (3) Renovated
and energy efficient homes becoming a priority (4) Healthy homes are now
becoming a new priority as well (5) Interest rate increases will impact the
home market while home price appreciation will remain low for the foreseeable
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 and can assist in the Professional plan to sell one’s home.
Advice to Buyers:
November is considered to be yet another great month for
Buyers.This is because the prime home
buying season has passed, the number of Buyers in the Denver home market will
be fewer than the previous month, home prices are not increasing as fast as
they have in previous months, and there are fewer homes available than in prior
months.Be prepared to act quickly, create
your home buying plan, and stick to it.
Home pricing will remain constant with little or no price
appreciation, mortgage interest rates remain low today, even though there is
every indication that mortgage interest rates will increase in the near future,
and Sellers will be open to multiple offers.
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