Low inventory and high sales prices make it a great time to list your home on the Denver real estate market. Relatively low mortgage rates are also helping to fuel a seller’s market. Search Metro Denver Homes For Sale today to see the homes that are currently on the market near your home. Call me at 303-550-8563 to list your metro Denver luxury home today.
In a recent article by The Denver Post, independent real estate analyst Gary Bauer revealed that the Denver real estate market had only one-third the inventory of a normal market at the end of April 2013. While inventory increased in June, it still remains significantly less than the previous year. Lack of competition is good news for sellers.
High Sales Prices
The Denver Business Journal reports that according to the S&P/Case-Shiller Home Prices Index, Denver metro home prices reached a record high in June. The Denver area has seen a 9% or more year-over-year price gain every month through June, according to the Journal. A combination of buyers competing for slim inventory and low mortgage interest rates has even resulted in a return to bidding wars in the Denver metro area.
Low Mortgage Rates
While average mortgage rates reached 4.58% in late August, they still remain historically low. In a July Wall Street Journal blog post, Stephen Stanley of Pierpoint Security stresses the importance of taking a historical perspective toward rising interest rates. He points out that “rates were so incredibly low before they can rise significantly and still be incredibly attractive by historical standards.” This is a win-win for both home buyers and sellers.
Marketing Your Home Online: The Key to Successful Selling
According to a joint study by the National Association of Realtors® and Google, real estate-related searches on Google.com have grown 253 percent over the past four years. Metro Denver Luxury Homes will extensively market your property online with your own promotional website, global.remax.com, remax.com, theremaxcollection.com, realtor.com, MetroDenverLuxuryHomes.com, homesincolorado.com, trulia.com, zillow.com, facebook.com, youtube.com, twitter.com, dupontregistry.com, and regular postings to craigslist.org and backpage.com. To put the power of the Internet to use in selling your Denver area home, contact Metro Denver Luxury Homes.