Denver Real Estate Market Update June 2022!
Team Koz - Michael Kozlowski #1 Ranked Individual RE/MAX Agent in the State of Colorado!
#1 Ranked Individual RE/MAX Agent in the State of Colorado! 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 $485,000,000 over the past 18 years, being awarded the highest RE/MAX Club Award Level the Prestigious Diamond Club Award. If you are looking to buy or sell a home or would just like more information, Call, Text or Email today!
Monday, June 6, 2022
Denver Real Estate Market Update June 2022
Sunday, May 15, 2022
Denver Real Estate Market Update May 2022
Thursday, March 17, 2022
Denver Real Estate Market Update March 2022
Denver Real Estate Market Update March 2022!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Selling homes in 2022 up to $151,000 Over Asking Price! Check us out at: www.team-koz.com
March Madness is always a College Basketball Theme this time of year, but this year it is more applicable to our Denver Metro Real Estate Market! We are surely living in a time of Global uncertainty, yet the Real Estate Market continues to be a pillar of strength throughout our Economy.
What will it take to see a little slowdown in Buyer Activity? Currently, we have a War in Ukraine, historically high Inflation including Gasoline over $4.00 a gallon, and Interest rates at plus or minus 4% and the market is still moving right along! Typically, this would be enough to affect consumer confidence a little, but recently CoreLogic ranked Denver as the number one metro nationwide with 60 percent of all homes sold last month selling over the asking price! Denver’s average Showings/Listing Ratio was 25.15 showings!
- Our Active Listings at the end of February were 1,226 which is -39% less than a year ago, but over the last couple of years our New Listing Inventory was about the same as the year before.
- We have seen 7,671 New Listings this year, and that is down -12.44% from the same time last year!
Buyers truly have less Inventory to look at this year, which is why our Closed Homes at the end of February is 6,241 also down -13% from the same time last year!
This lower Inventory combined with the Hyperactive Buyer Activity this year has some economists predicting we will see a 19% Annual Appreciation.
We believe that March will surely bring many more New Listings to the Market, and we may see some changes in consumer behavior from Buyers especially in the Luxury Markets as they use financial resources tied to the Stock and Cryptocurrency markets, which are volatile since the conflict in Ukraine. We may also see some relief with lower interest rates, as the Equities Markets move to the safer Bond markets that are tied to long term Mortgage Rates.
Buyers, please stay the course as New Inventory is on the way and you may see one home sell for $10,000 under asking price and another sell for $100,000’s over asking price! The difference between the two is usually Location and Condition. Be flexible with your search parameters! Sellers, we will not only counsel you on the Sold Comps in your area, but also give you guidance on what they really mean.
Our goal is to give you options for how to increase your value in the market, and sometimes increase it a lot! The market is very emotional, but the data still matters and we have the knowledge and experience to help you make great decisions!
Enjoy the snowy month of March with the wonderful anticipation of the warm Spring and Spring Market ahead!
#realestate #luxury #mortgage #interestrates #markets
Sunday, February 13, 2022
Denver Real Estate Market Update February 2022
Denver Real Estate Market Update February 2022!
Wednesday, December 29, 2021
RE/MAX National Housing Report December 2021
Feel free to reach out by email or phone with any questions, I’m here to help. Happy holidays.
Thursday, December 9, 2021
Denver Real Estate Market Update December 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
Selling homes from $30,000-$105,000 Over Asking Price in 2021!
Don't Miss Your Opportunity Call or Text Today! 303-949-2755
The prediction by our own Chief Economist at NAR, Lawrence Yun is that this Winter Market is expected to be unseasonably hot! If the warm Fall Weather is any sign, and compared to other past Winter Markets, we do predict that this normally slower Season will experience stronger sales activity.
Buyer demand continues to be the strongest indicator of this current market, and confidence in another strong market in 2022.
We have a couple of interesting trend lines happening:
- From October to November, we saw a 33.41% decrease in month-end Active Inventory dropping to 2,248 Residential properties.
- Throughout the entire Denver Metro area, there are only 1,444 Single Family detached properties, and only 804 attached properties to buy!
- The Average Active Listings in November is 14,180 from
1985-2020.
- The Record-high November was in 2006 at 27,530
- The record-low was set this year at our current 2,248
We have been setting a few records in 2021 as Year-to-date, there have been more houses purchased than in any other previous five years, and the Median sales prices for Single-Family and Attached Properties set records this year!
We absolutely encourage Buyers to enjoy all of the festivities of this Holiday Season, but it may also be the time to stay focused on finding the right home as the market takes a Seasonal breath, and interest rates remain low. Sellers, if you need to sell your home soon, you can absolutely go active on the market and you will get showings throughout the Holiday Season.
We do predict that the New Year
Homebuying activity will start early, so be prepared to bring in the
New Year with a strong Resolution.
Saturday, November 27, 2021
Denver Real Estate Market Update October 2021!
Denver Real Estate Market Update October 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
Selling homes from $30,000-$105,000 Over Asking Price in 2021! Don't Miss Your Opportunity Call or Text Today! 303-949-2755
It is hard to believe that we now have 3 Quarters in the books for 2021, and after what felt like a Seasonal Slowdown in July and August our September Market bounced back to our current normal speed of Buyers having an insatiable desire to buy a home, and Listing Inventory still very low and almost starving the market in some price ranges!
We have a couple of interesting trend lines happening:
- First our New Listings
actually went up from last month, albeit a very small gain but still
unusual as that graph generally trends down for the rest of the
year.
- Pending sales dropped
6.48% from last month
- Closed Properties dropped a notable 12.8% from last month and more notably down 19.3% from September of last year!
This is not surprising with the downturn from July and August, and we expect Closings to pick up in the 4th Quarter with the end of the year finishing fairly strong!
Year to date at the end of September;
- Active Listings are down 25% through
September last year
- New Listings are down 4%
YOY
- Closings are up 3.1% YOY
- The Average Price of a
Single Family Home was $686,982 and that’s a
whopping 20.12% higher YOY!
- Townhomes and Condos are at $431,071 which is also a whopping 14.66% higher YOY!
This Fall Market is an excellent time to List a home if you are a Seller, as demand will continue through the 4th Quarter!
This is an excellent time to be a Buyer, as it looks like we might see Inventory possibly increase or at least level out and beat the potential rise in Interest Rates!
Enjoy the Fall Colors in your New Backyard!
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!
Denver Real Estate Market Update September 2021!
Denver Real Estate Market Update September 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
Selling homes from $30,000-$105,000 Over Asking Price in 2021! Don't Miss Your Opportunity Call or Text Today! 303-949-2755
Real Estate has been the bright and shining light in the Denver Market and across America to help buoy up our Economy and bring some safety and security to individuals and families that are looking to find their first home, their move up or move down home, their Relocation home, their vacation home, and their forever home.
The Market continues to march on with a purpose, as the
same fundamentals are still very active in High Demand and Low Inventory!
- The Active Listings
actually went down at the end of August with
3,582 vs 4,056 last month and
still down 35% from this time last year.
- New Listings were down
in August, while Pendings were up and increased 9.5% over last month.
- Closings were also down 9.5% from July, which is a result of softer sales in July.
Year to date at the end of August, Closings are up 5.7%,
and remarkably our Single Family Detached home Average
Closed Price stands at $686,908 and that is up 21% Year over Year!
Wow!
- Attached Single Family homes Average Closed Price stands at $428,900 which is 14.5% higher Year over Year!
Now for the Big Questions that we are looking for the
answers:
- Is the late Summer lull
ending?
- Is the Fall Market going to pick up?
The second and third weeks of September should give us the
answer as we see the Fall Buyers re-engage, and Fall Sellers decide to List
their homes. Here is a quick tip to watch closely: The last 7 days of New
Listings is actually higher than the New Pendings over the last 7 days!
This is the first time we’ve seen this since May 2020!
- If you are a Seller who
needs to sell, you should List your home in this Market!
- If you are a frustrated Buyer that has struggled to find the right home this year, you should be looking at homes today! The next 4 months can change your life!
There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates near all-time lows there are opportunities for Buyers as well with the right strategies!
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!