Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report. The numbers shocked many analysts as they revealed a 10.4% increaseover the same month last year. This is the highest number of sales since September 2013. Sales have increased year-over-year for six consecutive months and the 10.4% increase is the highest annual… [Read More]
For the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing markets (only 11% of homes sold in January). Many homeowners are now thinking of… [Read More]
This is a national snapshot, it is important to talk with a local agent who know the market and is familiar with the trends in the areas you are considering.
We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are thinking of selling your home, here are two graphs that strongly suggest… [Read More]
January 2014 boasted an increase in dollar volume and in the number of closed transactions within the Denver Metro real estate market. Two hundred seventy-three homes were sold or closed in January 2014 at the $500,000 to $749,999 price range, with a closed dollar volume of $161.9 million. For homes in the $750,000 to $999,999 price range, the… [Read More]