RE/MAX National Housing Report December 2020

RE/MAX National Housing Report December 2020!

Michael Kozlowski ranked as high as the #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 ranked as high as the #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!