Well we’re into the second half of the year already so let’s look at July’s figures. I see a lot of RED! Understandably, the inventory levels are less than in previous years but let’s not get caught up in all of that. Let’s look at what we have right now. To me it looks pretty good.
Sellers in most South Denver real estate zip codes are looking at fairly low months of inventory. Sellers in areas such as Parker, Highlands Ranch, Lone Tree and Englewood all enjoy a seller’s real estate market. Like I always say however, an overpriced home in less than good condition will struggle to sell in any market. So sellers need to stay focused on price and condition.
Buyers never fear! There is still enough inventory out there for you to find the perfect home. Take advantage now of these all time low rates which improve your buying power tremendously based on mortgage qualification and monthly payments. If you find the home you like, act on it. It is a great time to buy, really.
If you are looking to buy your next home or maybe sell your current home, please contact me and let’s see how I can help. I’m active in the market and stay current on real estate values and trends.