Have you been searching for a home to buy recently and noticed how few homes there are to choose from? Have you made an offer on a home and found multiple offers already placed on the property? These housing market trends will help you! Low housing inventory, raising interest rates, and an influx of professionals moving to the area from high-tech markets like San Francisco, are all adding to higher home values and the lack of housing choices in the area. Today’s competitive Denver real estate market environment makes it more important to work with a seasoned broker who knows the area. Realtors need to act quickly, creatively, and aggressively to work to get the results a client needs. Corken + Company has 20+ years of experience combined as Denver Metro Realtors.
While for most looking to buy a house in Denver or sell a house in Denver, the Denver real estate market trend data is not the fun part of real estate, it is important to understand how our unprecedented low-inventory volumes combined with our increase in population is affecting the Denver buy/sell strategy. Whether you are a first-time home buyer or preparing to sell your luxury home, choosing an experienced broker who has the proven strategic ability to use trending information to your advantage will position you for the best results.
Read more about high-end and luxury homes, the financial challenges millennials face, and the latest view into the Denver area market below.
Overall, Denver Metro realtors have noticed that high-end and luxury homes are taking longer to sell. Due to buyers waiting for the prices and area to thaw. According to a Denver Metro Association of Realtors Market Trend Committee member. Read more about DMAR’s view on the changes in the market. http://www.dmarealtors.com/february-market-trends-homebuyer-demand-remains-strong-and-housing-remains-scarce-metro-denver.
First-time home-buying millennials are also faced with financial challenges when planning to buy a home. According to Aldo Svaldi, Denver Post’s business, and economy writer. Therefore, both buyers and sellers need to understand the Denver real estate market prior to becoming part of it. The Denver Post has more: http://www.denverpost.com/business/ci_29788143/denver-millennials-are-at-risk-being-trapped-renting
Additionally, the 11-county quarterly snapshot just released by DMAR gives the very latest view into the Denver area market. Read more here: http://www.dmarealtors.com/sites/default/files/content/mtr_quarterlysnapshot_march2016_0.pdf
Corken + Company encourages clients to understand the Denver Metro real estate market. In addition, because of several years of experience Corken + Company continue to be a trusted partner as Denver metro realtors.
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