Current Market Information

Another record breaking month for the Denver Real Estate Market! I have often heard that real estate will slow down right before an election but definitely not the case here in the Denver Metro area. Everything is up except for weeks of inventories and days in MLS so what does that tell us? Home go “pending” and then “sold” as fast as they come into the mls, even though new listings are up they are only half of what the solds and pendings are put together. Again more supply and demand which is again increasing prices. We do notice some frustration at the buyer level as it is hard to compete. There are a couple of new models being introduced to make more folks cash buyers. For example, there is a new “mortgage” company that preapproves a buyer and then assists them putting an offer together for cash, then once it closes they assign it to the buyer, refinance with the loan they were going to get anyway. Sound almost too good to be true but we are seeing it with several companies. Again for those that are FHA or VA it is not an option yet but interesting for sure. Most likely it has created even more frustrated buyers. Sellers can also get frustrated when they are unable to find a replacement home so once again our request for all of you is – have you thought about selling your home? We would love to discuss options with you whether you decide to list or not.