The stats are out for the month of November, and it has been a strange year as far as stats! As of the end of November, we are experiencing SERIOUS low inventory, down 46.4% over one year ago. I think many Sellers are nervous about listing their homes during the virus, and combined with the Holidays, there is not much inventory.
The following data is courtesy of Joan Cox - House to Home, Inc.
Sellers should remember to list a home properly, as those over-priced homes will sit on the market. (this includes land, attached properties, single-family homes and up to the mega million dollar homes) We are seeing more appraisals coming in lower than contract price and adjustments are being made by buyers and sellers.
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 - below 3%. You can buy more home than you could just six months ago.
Sellers - Pricing your home is very important, and not start too high, or you will be sitting on the listing for a while, as you now have competition. If you don't have showings, you won't see an offer! 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. I may recommend unless you HAVE to sell right now, it may be easier once showings are allowed.
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.