Ever Wonder What Happens to the Real Estate Market During the Holidays?
Well, we will start with saying that we are “still open for business!” It’s the perfect time to start thinking about a big change in the new year or perhaps to pull the trigger on that investment property that you have been thinking about.
As for this month’s real estate particulars in the Denver metro area, the Denver Seller’s holiday home market is here and Sellers should know that active listings are changing and buyer demand continues. Price appreciation levels are dropping, interest rates are increasing and homes are now taking longer to sell. As a Buyer, know that the homes available for sale will decrease and you will probably see that the number of Buyers will continue to rise. Sellers will continue to focus on the sale of their home; but, now in a different, longer, time frame. When buying a property, make the offer that works for you and be aware that the mortgage interest rates will increase one more time this year. Bottom line is that if you do not buy now, in the future you will have less opportunity so be prepared to act quickly.
Our advice to you is to “know what you want in a home, where you want to live and what price range you can afford”. Be prepared, manage your expectations and be open to looking at the entire Denver market. Above all, reach out to a real estate Professional about your best options, as a Seller or a Buyer, and let us help you through the process. Call us today!