Buyers are re-emerging in the market! Why? Well, the market is picking back up because interest rates are dropping, improving affordability for millions of buyers across the country.
For home buyers who have been waiting for the perfect time to buy in Arvada and across the Denver Metro Area, now is the time to act!
Why should you consider entering the market today?
Increased Inventory
Denver has more homes for sale than it has in at least a decade! There are lots of options to choose from and sellers who are on the market want to sell.
Demand Will Surge Soon
Millions of buyers have been waiting on the sidelines for years now, sitting patiently for rates to lower. As rates continue to drop, a flood of buyers will enter the market, snatching up inventory, and, potentially, increasing competition for desirable homes. Right now, you can negotiate price, inspection and rate buydowns from sellers. As more buyers enter the market, this opportunity may diminish along with your negotiating power.
Price Appreciation
While inventory is higher than it’s been in years, it still remains limited and Denver continues to be a seller’s market. Due to lower inventory and pent-up demand, home price appreciation will continue, meaning if you wait a year, you could be paying tens of thousands of dollars more to purchase the same home you could buy today for much less.
If you’re on the fence about buying, consider the potential long-term benefits of acting now. Why compete and pay more later when you can snag a deal today?
At the Dempsey Group, we’re committed to helping you navigate market changes successfully. Whether you’re a buyer or seller, having a market expert like Lauryn Dempsey on your side can make all the difference. Reach out today to turn your homeownership dreams into reality.
If you are looking for quick hits on the market, follow me on LinkedIn to get daily insight. If I can help you strategize your next steps in real estate in the Denver metro or elsewhere across the U.S., please reply or book a call with me!