You already know the real estate market has shifted in the past six months. In our area, the median price for a sold home peaked in April at $625,000 and was down to $585,000 last month.
We work with buyers and sellers and see trends in how each group looks at the market, so we want to share what we know.
Metro Denver Real Estate Market Update, October 27, 2022 Read More »
Nationally, inventory – the number of homes for sale – has been falling for a long time and was at historic lows during 2020 and then fell even further in 2021. Inventory was meager, but demand increased. The increase was due to various factors, including record-low interest rates, a desire for more space, and a frenzy that made some buyers feel like they may be shut out of the market forever if they didn’t purchase a home.
Metro Denver Real Estate Market Update, October 13, 2022 Read More »
When you sell your home, it’s vital that you understand the market and how pricing your property works. In fact, nothing has more of an impact on how fast your house will sell – and the quality of the offers you receive – than its price.
Price your metro Denver home to sell Read More »
It was just about a year ago that the first case of COVID-19 was discovered in Colorado. What was happening just before the pandemic began? How does it compare it to what’s happening now in each of the seven metro counties? Let’s take a look. Average Prices by County: Boulder Douglas Denver Arapahoe Jefferson Broomfield
Metro Denver Real Estate Market Update, February 25, 2021 Read More »
Showings per listing are higher than they’ve been at any point during the past ten years. It’s hard to get in and see homes because we have just a one month supply. In other words, if no new homes came on the market, all the homes for sale now would sell in one month. If
If you’re thinking of selling a home in a market like this, how do you approach pricing? Read More »
During the last week: New Listings – 688 Back On Market – 110 Price Increase – 239 Price Decrease – 281 Pending – 1407 Withdrawn – 89 Closed – 1042 Expired – 107 Previous Week: New Listings – 380 Back On Market – 112 Price Increase – 180 Price Decrease – 126 Pending – 701
Metro Denver Real Estate Market Update – January 14, 2021 Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Metro Denver Real Estate Market Update, January 7, 2021 Read More »
Thinking of selling your home in 2021? Find out how to earn thousands more when you sell with The Principal Team. Text: SELL to: 720-802-6075 and calculate your savings. — *Savings as compared to 6% total commission.
The Principal Team Helps Home Sellers in Metro Denver Save Money Read More »
How do people find and buy homes? This information is useful to sellers and buyers! Most people start online and use a real estate agent to help them find and negotiate a home purchase. Most people use a mortgage to finance the purchase. For 43 percent of recent buyers, the first step that they took
The Homebuying Process Today Read More »
The National Association of REALTORS® just released their annual Profile of Home Buyers and Sellers. It shows how the pandemic is affecting real estate throughout the country. The report breaks down trends before the pandemic began and since March, when COVID-19 started to have an impact on our lives. WHERE is the activity?
The Pandemic’s Effects on Real Estate, Metro Denver Market Report, 11/19/2020 Read More »