Denver Real Estate Market Update March 2024
🏡Michael Kozlowski Ranked as High as the #1 Individual Agent in the State of Colorado! Already Selling Homes for Full Price in 2024! www.team-koz.com 303-949-2755🏡Spring Selling Season has arrived and March Madness is more than a College Basketball Tournament!
The month of March brings many signs of a changing Real Estate Market! First we welcome Daylight Savings, and next we celebrate the luck of the Irish on St. Patrick’s Day, and finally on the Official first day of Spring with the end of the month celebrating the Easter Holiday!
These are all signs of Buyers and Sellers rolling up their sleeves and finding their trusted Realtor to assist in finding and selling their next home! We truly appreciate your trust and confidence in allowing us to share our experience and wisdom in a complicated Real Estate Market!
Buyers are finding that some homes are attracting multiple offers, while others are sitting on the market.
Sellers are finding that their preparation to show their homes in the best condition and a fair price will bring multiple offers, while lack of preparation will leave their home to linger on the market longer than expected and sell for a lower price.
- Active Inventory on the market is up 45% while homes that closed were slightly down.
- The average price of a Single Family Home is up 3.4% while the average price of Condos and Townhomes was down1.9%.
Condos and Townhomes are experiencing a Buyer’s Market with the increase of HOA fees this year! Some great opportunities for Buyers!
This month is the time to begin in earnest your home search and getting your home on the market! Please call us today to discuss the market near you!
