The stats are out for the month of September, and it was another strong month! As of almost mid-October, we are still experiencing low inventory, down 43.8% over one year ago. I have had potential Sellers want to list and buy, but fearful of not finding a replacement home, so they stay put and remodel. But they do list, they sure are seeing a great bottom line! Multiple offers are still happening, just not at the same pace it did earlier this year.
The following data is courtesy of Joan Cox - House to Home, Inc.
We are seeing some homeowners pricing their homes higher than "fair market value", and also seeing offers WAY over list price and then reducing the price. We are still seeing buyers offering an appraisal gap to guarantee the sales price to the Seller.
See what homes are currently available - Active Homes for sale in Denver
Buyers - If you have thought about buying a home this year - NOW IS THE TIME! The interest rate is unbelievable - hovering around 3%. You can buy more home than you could just six months ago. Be sure to be pre-approved and know what your budget is! Be prepared, many homeowners are asking for a 60-day rent-back to find a replacement home.
Sellers - My sellers are seeing a nice bottom line! If you are thinking of selling but worried you won’t find a replacement home, I can enter into MLS the fact you require a contingency of a replacement home.
Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away. Relocating to Denver, and need some advice - see my Relocating to Denver information.