Saturday, October 31, 2020

RE/MAX National Housing Report October 2020

RE/MAX National Housing Report October 2020!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
Check us out: www.team-koz.com
Happy Halloween!
As we move into November, the housing market continues to thrive. The summer season pushed into fall, causing September sales to surge, according to the latest RE/MAX National Housing Report. Here are three things you should know about the latest market numbers.
1. Closings rose 21.1% from a year ago.
2. Homes sold at an average of just 39 days – that's a full week faster than last year.
3. Inventory continues to struggle with buyer demand – plummeting a record 31.9% over last year.
The numbers prove the resilience and strength of the market. Buyers are jumping at the opportunity to make a purchase. Low-interest rates continue to attract buyers looking for a sense of community, more amenities, and the security of owning a home.

If you're thinking about buying or selling, you must be prepared. Navigating this competitive market takes an expert. I'd be happy to help you make your move this fall. Call, text, or reply to this email to set up a time to talk about your situation.


 

Wednesday, October 21, 2020

Denver Real Estate Market Update October 2020 - Team Koz Michael Kozlowski

 Denver Real Estate Market Update October 2020 - Team Koz Michael Kozlowski

As we move into the fall months we are seeing a Real Estate Market newly discovered and truly never seen before!  Numbers at a glance start with our lack of Inventory that is down 43% from this time last year!!  

  • Active Listings at month end were 5,301 which is 43% less than September 2019
  • New Listings were 6,456 down 4.3% from September 2019
  • Pending homes were at 6,376 which is 26% ahead of September 2019!
  • Sold Homes were 5,850 and that is 16.5% more than September 2019

The Market is full of demand from Buyers, and as you can see New Listings are happening so it’s mostly the demand driving this robust recovery! 

The Average Price of a Single Family Home is up 12% from September 2019! 

The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market!  Low Interest rates continue to help drive the demand! 

Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!