Real Estate Market Update

Hot or Not?

According to the latest Denver Metro Association of Realtors Market Trends report for November, Average Active Listings for October was 16,003 (1985-2017). The Record High Was October 2006 with 29,776 Listings and 2017 represented the record low with 6,312 Listings. For Comparison, October 2018 had 8,539 Active Listings. Higher then last years record low but still relatively low inventory.

Like to know more about the Denver Metro real estate market? Contact us at Brick and Main RE today.

Did You Know?

New applications for unemployment increased in mid-October, but the number of people receiving benefits fell to a 45 year low, signaling labor market tightening. If this is followed by increasing wages, as expected, it will help the housing affordability issue in the Denver area.

It is still a great time to sell! Please let us know how we can help when you are ready to list your home?

Buy Now or Later?

Buyers that are hoping to wait out this market change may want to consider that mortgage rates are expected to continue increasing. Corelogic, a Real Estate research firm, is predicting a nearly 10 percent increase in buyers mortgage payments by next July due to rising interest rates, which ultimately translates to less house for more money. Now is a great time to purchase a home!

What’s Happening in Denver?

Santa and his friends move to Chatfield Farms after Thanksgiving!  Chatfield Farms is transformed into a magical village. Hop on a hayride to catch a short movie at Santa’s cinema and find unique holiday gifts at his workshop!

Friday, Saturdays, & Sundays Nov. 23rd-Dec 23rd 2018, 4:30-8:30pm.

8500 W Deer Creek Canyon Rd Littleton, CO 80128