Denver Metro Real Estate Market
Posted by TheHomeCartTeam on Saturday, August 18th, 2012 at 12:35pm.There are many myths about the Denver real estate market, and if you’re buying or selling a home, you definitely need to know the facts. The current market is dynamic and national news that is heard is based on a “whole” and definitely not to be compared to the local Denver market.
Denver Metro Real Estate Market Facts
Fact 1: Denver is one of the strongest real estate markets in the nation and since the real estate crash, it has never been stronger as now.
Fact 2: The Denver Real Estate Market is a seller’s market. What this means is the demand for properties is greater than what’s available on the market. Compared to last year, there are 42% fewer active listings. Plain and simple, we have more buyers than homes on the market. As opposed to last year, there are 40% more homes under contract and the listing times are shorter by 15%.
Fact 3: Nearly every home that is for sale is receiving multiple offers.
Fact 4: Most sellers are getting their listing price if not more.
Fact 5: Interest rates are at an all-time low. A fixed 3.75% interest rate on a 30 year loan is standard which makes it easier for buyers to buy and to afford a bit nicer of a home.
Now is the best time to purchase and to buy. The demand of homes is high and the number of homes on the market does not meet the demand. For buyers, rates are only going to increase, and interest rates are lower than ever.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Colorado Front Range from Colorado Springs, through the Denver Metro up to Fort Collins. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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