Wednesday, December 29, 2021

RE/MAX National Housing Report December 2021

RE/MAX National Housing Report December 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Selling Homes up to $125,000 Over Asking Price!
Buyers finally saw relief in this scorching market as November’s median sales price dropped 2.9%. While the month followed general seasonal trends, it still set many records, such as the average number of days homes were listed before selling. At 29 days, November’s average is only the sixth month in report history with an average below 30. Here’s a look at other highlights from November’s National Housing Report:
• The five-year average for October-to-November home sales is a decline of 12.0%, more than twice the drop of 4.9% in November 2021.
• The five-year average for October-to-November inventory is a decline of 8.9%, slightly more than half of the drop of 17.7% in November 2021.
• Despite declining month over month, November’s median home price was 11.9% higher than November 2020’s $295,000 and marks the 35th consecutive month that home prices have risen year over year.
With prices dropping and demand for homes still high there are plenty of reasons for optimism as we head in 2022.

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.