Wednesday, August 8, 2012

July's Market Snapshot

So, what is happening in our local real estate market? 

This market remains hot. In some neighborhoods, houses are selling in days, not months. Many buyer's continue facing multiple offers and competitive offers from other buyers. Sellers, while still eager to negotiate, are scrutinizing buyer's credentials much more than in recent years. 


Metro Denver, inventory remains low at 38% down from this time last year and average sales prices up over 11%.  Some areas are seeing inventory reduce to 60% less that this time a year ago.  The refinance market is also a contributing factor as some seller's are opting to refinance and stay put.


The market is heating up....don't get burned. For a more detailed report on your specific area, visit: Home Market Report or call 303-300-8989, to speak Cynthia TODAY!