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 4^th 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 4^th 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!

Denver Real Estate Market Update August 2021!

Denver Real Estate Market Update August 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 quote of the month may be “Easing back to Normal” in the housing market as our predictions for more balance is beginning to show itself in the housing market! 

• The numbers for July are supporting this, as our Active Inventory at the end of July was 4,056 and topping the 4,000 mark for the first time since October 2020! 

The Market has probably peaked for New Listings this year and will begin to decrease the number of new listings each month for the rest of 2021. The Big Question for the market is will the Buyers Increase their activity in our Fall Market after Labor Day?  This is an excellent time for Buyers to reengage and find that first or next home as Inventory increases, and Interest Rates are still historically low!  The rest of the July numbers also showed some Buyer Fatigue and Seller Apathy in July as New Listings were down 6.5%, Pending Sales were down 9.8% and Closed Homes were down 21% in July 2021 vs July 2020! Closings YTD are still well ahead of last year, and this market is still very healthy, especially the Luxury Market!  

The bottom line is, we still have very low Inventory and very high demand. The Big Question we are looking to answer:  Was this slowdown simply a Summer Lull or is it a New Trend? If I am a Buyer that still needs a home and a roof over my head, then I would start looking at homes today! You have a better chance to get the home you need right now than you have had all year!  If I am a Seller that needs to sell a home, then I would get going soon, as many Buyers will be looking as the Summer ends and they want a home before the weather changes!

Now is definitely the time to focus on pricing homes correctly as we may not see as many multiple offers, we may see longer days on the market, and not as many offers as we saw the past few months! 

• The Average Price of a Single Family Home was at $699,795 in July, with Condos/Townhomes holding an Average Price of $442,949! These prices surely don’t feel like a market shift at all, but we are starting to feel those soften as seen by the Average Single Family Home Price declining in July!

• The Luxury Market is the biggest reason for Average Prices increasing so much in 2021!  The Luxury Market above $1M Closed on 2,500 homes the first six months of 2021, while the first six months of 2020 only Closed 1,050! 
• That is a whopping 138% Increase in the number of Luxury Homes Closed, while the Volume for Luxury Homes Closed for the first half of the year is almost $4Billion vs only $1.5B in 2020! 

• Active Inventory increased to 4,056 detached and attached residential homes, which is up 29.92% over the previous month but still 37.11% lower than this time last year! 
• Pending home sales in July were down 4.88 % from June and also down 9.87% from last year! 
• Closed homes in July were down 12.30% from June and also 21.33% lower than last year!

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!

 

 

Denver Real Estate Market Update July 2021!

Denver Real Estate Market Update July 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 Real Estate Market continues on a steady pace of low Inventory and strong demand, however it is feeling like our early predictions of a more balanced market by August may be coming true!  The Market definitely showed some signs of the brakes getting tapped a little in June as Showings per day decreased, Listings coming back on the Market increased and the number of Price Reductions saw a steady increase. 

• The biggest factor that we finally saw was our Active Listing Inventory at 3,122 the end of June which is up 50.46% over the previous month. That was the first time we have been over 3,000 for many months!

• The Average Price of a Single Family Home was at $728,385 in June, with Condos/Townhomes holding an Average Price of $440,066! Wow is an understatement!  These prices surely don’t feel like a market shift at all, but we will probably start to feel those soften during the second half of the year!

• The Mid Year Report shows what an amazing first half of the year we have experienced, with New Listings just 1.99% less than the first six months last year.  The market Closed 29,835 Residential properties in the first half of 2021, compared to 25,847 in the first half of 2020.  That is a 15.4% increase! 

• The Luxury Market is the biggest reason for Average Prices increasing so much in 2021!  The Luxury Market above $1M Closed on 2,500 homes the first six months of 2021, while the first six months of 2020 only Closed 1,050! 
• That is a whopping 138% Increase in the number of Luxury Homes Closed, while the Volume for Luxury Homes Closed for the first half of the year is almost $4Billion vs only $1.5B in 2020!  

Now is definitely the time to focus on pricing homes correctly as we may not see as many multiple offers, we may see longer days on the market, and not as many offers as we saw the past few months! 

• Active Inventory increased to 3,122 detached and attached residential homes, which is up 50.46% over the previous month but still 51.09% lower than this time last year! 
• Pending home sales in June were flat and actually down 8.53% from last year! 
• Closed homes in June were 9.29% higher than last month but .88% lower than last year!

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!

Denver Real Estate Market Update June 2021!

Denver Real Estate Market Update May 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

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.

• Active Inventory held on at 2,075 detached and attached residential homes, which is 71% lower than this time last year! 
• Pending home sales in May were at a strong 6,719 which is 3% higher than last year! 
• Closed homes in May were at 5,322 which is 49% higher than last year! (* for the Pandemic and Quarantine influence last year). 

2021 has had an unprecedented rate of Appreciation, with the Average Closed Price of a Single Family Home in May at $700,559!  A whopping 29% higher than May 2020! 

• The average Closed Attached home was at $449,317, which is a whopping 22% higher than May 2020! 

The question asked every day is when will this cycle end???

Now for some observations on a possible perfect demographic storm that is happening right before our eyes!  This cycle or basic Inventory Shortage may go on for some time still, and we mean 2-3 years!

• We have Baby Boomers,  (the 2^nd largest demographic in America) who are aging by the day and needing a different style of house and now passing some of their wealth to their children. 
• We have our Millennial Generation, (the largest demographic in American History) now entering their prime house buying years, well educated, starting families and ready to buy a house. 
• Finally, we have a decade from 2010 to 2020 where our Builders only built about 25% of the normal new homes, and trying to play catch up which will take many years, maybe decades! 

This Demand Surplus may go on into 2023 or 2024! The hope for just 5,000-6,000 homes on the market could feel like a balanced market again, and we may see that later this year, but it is probably temporary! 

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!

Denver Real Estate Market Update May 2021

Denver Real Estate Market Update May 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

We did it!  The Market actually has over 2,000 Active Listings (To be more precise, we ended April with 2,594 Active Listings). 

• Is this a possible first sign of some increased Inventory or just a fluke in the Pending Activity? 

As we predicted, the number of New Listings YTD for 2021 is at 21,192, which is almost exactly the same as last year at this time.  Therefore, our Inventory challenges are still due to a Demand Surplus, which will be with us for most of this year! 

The Average of Price of a Single Family Home in April 2021 increased again to $699,039, which is compared to just $548,670 last year at this time! (That is a whopping 27.41% Increase in just 1 year)

• A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 27.41%?

We commonly call this phenomenon a huge Inventory Shortage, but this data suggests that New Listings are pretty abundant, so the bigger picture is not an Inventory Shortage as much as it is a Demand Surplus!  

• The Market wants to buy homes, and they want to buy them now!  The desire for more space, and to be in a forever home is at a record pace, as the Luxury Market has Closed 1,353 homes YTD vs 661 last year!  (That is up 104.69% YTD)

The Latest:

• Finally an increase in Inventory to 2,594 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 62.16% from a year ago!   
• The Average Price of a Single Family Home at $699,039 is up 3.62% from homes sold just last month! 
• The Average Price of Townhomes & Condos at $444,252 is up 7.31% from a year ago. 
• Over $667,048,008 of Luxury Homes sold last month which is up 227.59% from 2020!

Let’s remember that many of our YTD Stats comparing 2021 to 2020 will be skewed for the next couple of months as we recall that we were all in a quarantine at this time last year per a Governors Mandate.  We could have never predicted going from a quarantine and not being able to meet with clients for almost two months to this historic COVID crazy time in Real Estate right now!  The question is asked daily when this will end or change, and we admit that it is impossible to predict an ending date, but just like the weather in Colorado it will surely change.

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!

• Will this be the beginnings of more balance in the market? The next few months will let us know but last month’s data is a start in the right direction.

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!

Denver Real Estate Market Update April 2021!

Denver Real Estate Market Update April 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

We have completed the First Quarter of 2021 with unprecedented numbers for Average Prices and Pending Activity!

This is a bit crazy, but the Average of Price of a Single Family Home in March 2021 was $674,990, which is compared to just $565,745 last year at this time! (That is a 19.3% Increase)

- A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 19.3%?

We commonly call this phenomenon a huge Inventory Shortage, but this data suggests that New Listings are pretty abundant, so the bigger picture is not an Inventory Shortage as much as it is a Demand Surplus!

- The Market wants to buy homes, and they want to buy them now! The desire for more space, and to be in a forever home is at a record pace, as the Luxury Market has Closed 852 homes YTD vs 499 last year! (That is up 71% YTD)

Here is the latest:

- Even LOWER Inventory than Last Month at 1,921 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 66.74% from a year ago!

- The Average Price of a Single Family Home at $674,990 is up 6.7% from homes sold just last month!

- The Average Price of Townhomes & Condos at $416,775 is up 8.17% from a year ago.

- Over $622,436,619 of Luxury Homes sold in March which is up 78.43% from 2020!

Our Inventory remains at ONLY 1,122 Single Family Homes!

- This is a 70.70% decrease from this time in 2020! The average price increase of all Residential homes detached and attached is up 15.26% year of year.

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!

We may see some beginnings of more balance in the market, as we should see more Inventory come to the market now that the Easter Holiday is past and the Spring/Summer markets are in full speed!

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!

RE/MAX National Housing Report April 2021

 RE/MAX National Housing Report April 2021

Selling homes from $51,000-$105,000 Over Asking Price in 2021! Don't Miss Your Opportunity Call or Text Today! 303-949-2755

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!

Spring is here and the market is HOT. Prices are up, inventory is low and sales have managed to stay high as we close out the winter season. In fact some metropolitan areas are seeing the highest median home price in the report’s 13 year history. Spring tends to host higher sales prices than winter and this year is shaping up to carry on that trend.

- Inventory has declined 20 of the last 21 months.

- Of 53 metro areas surveyed, prices are up 5.7% compared to

February of last year.

- Days on Market is averaging 42 (of 53 Metro areas surveyed)

which is down 18 days from February 2020.

Spring has brought with it a complicated and competitive market. With interest rates remaining low and inventory flying off the shelves, know that I am here to help you navigate the entire home selling and or buying process.

Please don’t hesitate to reach out if you’d like to talk about your Real Estate options with a professional. I am here to support you!

Denver Real Estate Market Update March 2021

Denver Real Estate Market Update March 2021

The words of the new year continue to be Wow and Unbelievable!  

A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 17.26% from February 2020 to an Average Price of $630,227?

Here is the latest:

• Even LOWER Inventory than Last Month at 2,024 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 58.14% from a year ago! 
• The Average Price of a Single Family Home at $630,227 which is up 17.3% from a year ago! 
• The Average Price of Townhomes & Condos at $399,262 is up 10.23% from a year ago. 
• Over $368,000,000 of Luxury Homes sold in February which is up 54.25% from 2020!

Our Inventory has shrunk to ONLY 1,120 Single Family Homes! 

• This is a 65.01% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is up 17.26% year of year.

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!

RE/MAX National Housing Report February 2021

RE/MAX National Housing Report February 2021!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! 

Check us out: www.team-koz.com

Last time we checked in about the housing market, things were looking great as we started into a new year and that trend has continued! While the increase of home values has slowed, they’re still markedly higher than last year’s numbers. So what’s the breakdown?

- Inventory is at a 13-year record low, decreasing by as much as 30% year over year.

- The median home price has gone up to $285,000. up almost 12% from last year.

- Days on the market has decreased from a 59-day average down to 40. 

In short, time matters in today’s market.

There are fewer homes going up for sale, so you’ll want to be as prepared as possible when you’re ready to buy. Home values are going up and spending fewer days on the market, so having a professional on your team to help you navigate offers will be important for any seller. And I am here to help you through any and every step of the process. 

If you’re looking to buy or sell a home in 2021, call or email me any time to set up a meeting. I’d love to assist you!

 

Denver Real Estate Market Update February 2021

Denver Real Estate Market Update February 2021

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!

The words of the new year continue to be Wow and Unbelievable!   

A year ago could you have imagined that the price of a Single Family Home in the Metro Denver Area would be up 18.69% from January 2020 to an Average Price of $629,159?

Here is the latest:

• Extremely Low Inventory at 2,316 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down 53.13% from a year ago!   
• The Average Price of a Single Family Home at $629,159 which is up 18.69% from a year ago! 
• The Average Price of Townhomes & Condos at $397,792 is up 11.70% from a year ago. 
• Almost $336,000,000 of Luxury Homes sold in January which is up 85% from 2020!

Our Inventory has shrunk to ONLY 1,263 Single Family Homes! 

• This is a 61.69% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is up 15.71% year of year. 

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!    

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!

RE/MAX National Housing Report January 2021!

 RE/MAX National Housing Report January 2021!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Check us out: www.team-koz.com

It's a new year, and if you're anything like me, then 2021 started off with a bang! The housing market has also hit the ground running in the new year. Homes are spending less time on the market, the Median Sales Price of a home is up over 9% from last year and Months of Supply Inventory is now less than half of what it was at the end of 2019.

• Average Days on Market of 37, over two weeks less than the 53 days a year ago.

• Median Sales Price of $290,000 – up 9.4% year-over-year.

• Months of Supply of Inventory at 1.8, which was less than half of December 2019's 3.9

You can read the full report here.

All in all 2021 is shaping up nicely for the housing market but things are moving quickly and time is of the essence! So as you consider your options be sure to bring in a professional to make the buy/sell process as simple as possible. As your local Real Estate Agent, I would be happy to walk you through any of this information or discuss your plans to buy or sell a home this year.

Call, Text or Email Anytime! 303-949-2755

Denver Real Estate Market Update January 2021!

Happy New Year!

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.

The words of the year are Wow and Unbelievable!  The Core numbers as we ended 2020 are as follows:

• Extremely Low Inventory at 2,541 Active Listings for Homes, Townhomes & Condos in all of the Metro Denver Area, which is down -49.5% from a year ago! 
• Total Closings 62,985 which is up 6.95% from a year ago! 
• The Average Price of a Single Family Home at $583,976 which is up 9.06% from a year ago! 
• The Average Price of Townhomes & Condos at $379,640 which is up 4% from a year ago. 
• A staggering $33 Billion dollars in Volume Closed in 2020, which is up 15.4% from 2019!

Our Inventory has shrunk to ONLY 1,316 Single Family Homes! 

• This is a 60.83% decrease from this time in 2020!  The average price increase of all Residential homes detached and attached is hovering in the 9% range YTD.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market! With interest rates at all time lows there are opportunities for Buyers as well!

The Average Price that Closed on a Single Family Home in December was $616,895 17.06% higher than December 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!

 

RE/MAX National Housing Report December 2020

RE/MAX National Housing Report December 2020!

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!

The housing market certainly had a joyous season. Home sales were up nearly 20% year-over-year in November, according to the latest RE/MAX National Housing Report. In addition to record sales in November, here are three things that you should know from the latest report.

The Median Sales Price was up 13.8% from November 2019. The number of days a home stays on the market is down to just 36. November was the fourth month in a row to set a new record for the fewest listings.

Overall the housing market continues to thrive! Interest rates will remain low, which will create a lot of opportunities for both buyers and sellers. If you're thinking about a move in 2021, it's important to start planning now.

As your local real estate expert, I'd be happy to help you make your move in 2021. Call, Text, Email to set up a time to meet or check us out at: www.team-koz.com

Michael Kozlowski

RE/MAX Professionals

303-949-2755

michael@team-koz.com

www.team-koz.com

I hope that you have a very Happy New Year!

Denver Real Estate Market Update December 2020

Denver Real Estate Market Update December 2020

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!

Merry Christmas, Happy Hanukkah and Happy Holiday Season!

I thought you might like the latest market update to review, see attached Denver Real Estate Market Stats and update below.

This is a December to put in our history books, as the normal Hustle and Bustle of the Holiday Season has been tempered by the Pandemic and decreased our Holiday activities.  The Real Estate Market has picked up the slack of activity as Buyers are still very interested in buying as soon as possible with these low interest rates. 

Every Christmas has a Naughty List, and this year it is our Inventory of Active Listings!  We can’t remember a more difficult time for buyers to find the right home, as our Inventory has shrunk to ONLY 1,755 Single Family Homes, 1660 Townhomes and Condos for a total Inventory of 3,415! 

• This is a 51% decrease from this time in 2019!  The average price increase of all Residential homes detached and attached is hovering in the 8+% range YTD.

There is no better time to list your home and take advantage of an unprecedented Seller’s Market!

• Active Listings at month end were 3,415 which is 51% less than November 2019! 
• New Listings were 3,689 up slightly from November 2019! 
• Pending homes were at 4,796 which is ahead of November 2019!
• Sold Homes were 4,820 and which is significantly more than November 2019! 

The biggest story is the Average Price that Closed on a Single Family Home in November was $615,766 significantly higher than November 2019! 

Year to Date our Single Family Average price stands at $549,756 which is an almost 8% increase for the year!  Wow!

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!

RE/MAX National Housing Report November 2020

RE/MAX National Housing Report November 2020

Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!

The holidays are here and the housing market continues to boom! Homes sold at the fastest pace in over a decade, according to the latest RE/MAX National Housing Report. Here are three things that you should know about housing.

Homes went from listing to contract in just 38 days – that's the fastest in over 13 years. Home sales were up 20.8% from October 2019.

The median sales price was up from September to $295,000.

So what does this mean for you? It's a seller's market. Buyers are jumping at the opportunity to make a move. The number of homes on the market is at a record low. So, if you're thinking about selling, there's most likely a buyer waiting for you.

If a new home is on your shopping list, I can help you with all of your real estate needs.

Call, Text or Email anytime! 303-949-2755 michael@team-koz.com