What Do the Latest Trends Tell Us About Our Local Market?
Despite a slow start to Q2, our Denver market is teeming with activity again.
Hear all about it in today’s update.
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My phone has been ringing off the hook lately with questions about our local Denver market, so let’s dive right into the latest numbers.
The weather this past June wasn’t the only interesting development in our area. Our second quarter has been anything but ordinary so far this year. For a while there, the market was acting a bit sluggish, but we’ve seen higher-than-normal levels of activity this July.
Right now, conditions seem to be pushing us toward a more balanced market, with neither buyers nor sellers holding much of an advantage. Compared to a year ago, this is quite a change of pace.
Our Denver market remains friendlier to both buyers and sellers than in most other markets across the country. As a seller, though, you can expect to see your home sit on the market for a little longer as inventory rises.
If you’re a buyer, you currently have a wider selection of homes to choose from. As we approach the third quarter, our numbers are shaping up to be just as good as, if not better than, Q2’s numbers.
If you have any questions about selling, buying, or investing in real estate, please don’t hesitate to get in touch with us. We’d be happy to sit down and discuss whether it’s feasible given your current situation. We look forward to hearing from you and hope you have a great rest of your summer!