Real Estate Market Update
Hot or Not?
In February for the entire residential market (single family homes and condos) there was a 47.33% increase in active listings year over year generating a 5.6% increase in new listings compared to the month prior.
“Love was in the air in February’s real estate market. Buyers were loving the homes so much that they put 15.64% more homes under contract in the 11-county Denver metro area then they did in January, said Jill Schaefer, Chairwomen of the DMAR Market Trends. We’re definitely seeing the seasonal market pick up with the average number of homes sold in February up 4.77% month over month.”
Like to know more about the your specific neighborhood/sub-market within the Denver Metro area Real Estate market? Contact us at Brick and Main RE today.
Did You Know?
Denver has become a magnet for millennial migration in the years since the Great Recession, according to the new Brookings Institution Report. Data from the 2017 American Housing Survey shows more then half of recent home buyers move for a better home. Home buyers also move for a better neighborhood and to form a household.
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?
Generally speaking the market seems to be more balanced then in years past. We are seeing an earlier spring similar to last year with competition at certain price points within desirable sub-markets.
What’s Happening in Denver?
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