In my latest episode on “Great Day Colorado,” I shared insights and observations about the Denver housing scene and tips for selling your home in the spring.
1. Current Real Estate Market Trends: What’s Happening?
Recently, I’ve observed a slight slowdown in the market, mainly attributed to rising rates. This situation has led to fewer buyers actively looking for homes. Consequently, we’re witnessing a subtle increase in inventory. However, it’s essential to emphasize that with just over two months of available inventory, Denver’s market remains predominantly seller-oriented. For those who price their homes appropriately, there’s still a significant opportunity. Both buyers and sellers can find good deals, considering the present conditions.
2. Denver’s Housing Market: A Weekly Evolution
The real estate landscape, especially in Denver, is dynamic and tends to fluctuate week by week. The recent minor rise in inventory, caused by higher rates, is proof of this. But it’s important to note that despite these shifts, the market remains vibrant. Inventory levels might be low, but properties continue to be in demand.
3. The Best Time to Sell? Here’s My Take
A question I often get asked is about the ideal time to sell a property. The truth is, a well-priced and well-prepared property has potential buyers at any time of the year. However, real estate does have its seasonal trends. Typically, the first half of the year, especially March to May, witnesses increased market activity. This period sees a rise in inventory and a higher number of active buyers. A significant factor here is that most sellers aim to finalize their sales by spring to settle down by summer, aligning with school timelines. Likewise, many buyers, too, have leases ending around spring or summer, making it a prime time to invest in a new home.
4. Planning to Sell in Spring? Here’s Some Advice
If you’re contemplating selling your home in the upcoming spring season, the first step should be to connect with an agent, preferably one who’s full-time. The advantage? Full-time agents are more attuned to the market’s pulse, discussing opportunities with multiple clients weekly, and spotting trends even before they become apparent in data. We can guide our clients better, helping them adapt their strategies based on real-time insights.
5. A Glimpse into Next Week
Stay tuned for my next post where I’ll be discussing the unique opportunities available for active-duty members, reservists, and veterans. Being a U.S. Naval Academy grad and a Navy veteran myself, I feel it’s crucial to highlight this topic, especially in celebration of Veterans Day.
Thank you for tuning in, and as always, feel free to reach out with any questions or topics you’d like me to cover. Denver’s real estate market is rapidly evolving, and I’m here to help you navigate it with confidence.