Here they are! June 2012 Denver MLS statistics. At first glance you can see that it is a sellers market.
I hope that you have heard that homes are selling, and here is the proof.
Buyers are able to find financing at amazingly low rates! Today they were as low as 3.5%!
Sellers, you don’t have any competition.
If ever there is a good time to sell, it is when you know are the best available and one way to ensure that, is to not have any competition! Even though it is a sellers market, sellers please remember you need to make sure the house is priced right for a buyer to want to look at it and to make an offer. It also has to appraise.
This is a snap shot of the Denver Metro Area and the % of change from last year to this year.
Wow did we have a quick turn around! Is it a blip in the market as one appraiser told me last week, or will the market stay hot? I can’t predict the future, but I can remind you to take advantage of the market conditions whether you are a buyer or seller.
Buyers: if I can urge you to do anything immediately it is to get your credit checked (it is a soft pull) so you know what you need to do to take advantage of the low interest rates and you are ahead of the other buyer you will be bidding against for the property you make an offer on.
Let me know how I an help you with your Real Estate needs!