Sunday, June 16, 2019

Denver Real Estate Market Update June 2016

Denver Real Estate Market Update June 2016


JUNE, 2019

By the numbers:

-        The inventory of available homes for sale is 7,916 homes at May month end

-        8,044 homes came onto the market, 5,296 homes went under contract

-        5,539 homes closed

-        Median sold price $427,000

-        Average sold price $497,867

-        Closed dollar volume $2.76 Billion. 

Monthly Market Recap:

Single Family:                                                                   

Active Month End Inventory is 5,549                                 

Sold Homes is 3,932                                                          

Average Price is $547,905                                      

Median Price is $465,000                                        

Average Days on Market is 27                                                       


Active Month End Inventory is 2,367

Sold Homes is 1,607 

Average Price is $375,437

Median Price is $310,000

Average Days on Market is 58

Year To Date Market Recap:

Single Family:                                                                   

Sold Homes is 14,472                                             

Average Sold Price is $525,646                                         

Median Sold Price is $445,000                                

Average Days on Market is 38                                


Sold Homes is 6,194

Average Sold Price is $361,019

Median Sold Price is $300,000

Average Days on Market is 60

Market Facts:

In Metro Denver, we have seen many new active home listings this last month.  For Buyers, more active listings will be beneficial and cause many Buyer offers.  For Sellers, you will see an increase in offers, negotiations, and the possibility of price increase.  As a Buyer or Seller, know this is the prime season and learn what is happening in the home market.  Metro Denver will continue to see a change in the home market that overall could be beneficial to all.

Advice to Sellers:

The Metro Denver home market is now in the prime season.  Think about a Seller Counseling Session.  This will demonstrate your home value, set expectations, reduce risk, know what can and cannot do, outline the process, inform you of what Buyers are doing, and provide resources.  Learn about the value of renovations and or upgrades, decluttering, and staging the home.  Buyer demand will continue as we see more Buyers and investors in the market.  Many Buyers will be looking for a new home prior to the start of the school season. Homes are now taking a little longer to sell and Buyers always will determine what your home is worth.  As a Seller, if your home sits longer than a month, it is time to revisit the sales data in your area.

As a Seller, your home needs to be priced right from the very beginning.  Manage your expectations, make sure your home is move-in ready, be flexible, and accept the offer that works best for you the Seller.  Note that Buyers are bringing their A game to the Denver Home Market.

 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:

As a Buyer, be realistic about your budget, start saving as soon as possible, create your plan, grow your credit score, lock in your rate now, keep your eye on the home market, and consider your family wants and needs..  First and foremost, focus on your lifestyle and home requirements.  As a Buyer, get into the home market now.  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 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.

Monday, June 3, 2019

RE/MAX National Housing Report May 2019

The Market is Changing Make Sure you are Prepared!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! 
Check us out

With summer unofficially underway, it looks like the housing market isn’t taking any breaks from sales according to the RE/MAX National Housing Report. Here are three takeaways from last month’s report.

1) April sales were up 11% from March. 

2) Sales prices are still on the climb. Prices were up 2.1% from March. 

3) The number of homes on the market continues to grow – up 3.3% from March.

Want more details? Read the full report here.

With these numbers, the market is slowly continuing to shift to be a little more balanced. Buyers are interested, and sellers are setting realistic prices. This means opportunity if you’re thinking about buying or selling. I’d be happy to talk about our local market in detail. Give me a call or reply to this email to set up a time.

Thank you for trusting me with all of your real estate needs.