1745 Shea Center Drive, #100

Highlands Ranch, CO 80129

303-668-5840

Thopkins@remax.net

Compare Listings

Real Estate Market Update – February 2019

Real Estate Market Update – February 2019

For the first time in about 6-7 years, our market is showing signs of leveling off, and a slower rate of appreciation and possibly some longer days on the market!  Before you get too alarmed, we believe that we will have a very similar market in the first half of 2019 as we had in 2018!  A strong buyer demand, and still relatively low inventory, but growing!  It feels as though the market has maybe reached an equilibrium of home prices, and what a buyer can truly afford!  The sellers will demand leadership and guidance from their true real estate professional with a solid knowledge of correct pricing, and a great value proposition and marketing plan!  The buyers will be looking for reasonable value, and great counsel from their knowledgeable RE/MAX Pro!

By the numbers, our inventory by the end of January is up 54%!  The number of sold homes, townhomes and condos were down almost 6%, and the average price of a single family home is only up 1.03% from January 2018, with condos/townhomes up only 4% year over year!

The luxury market definitely felt the roller coaster stock market in December, as well as the uncertainty of a government shutdown, which led to the number of luxury homes and volume to be down almost 20% in January 2019 vs January 2018!  Keep an eye on median prices in 2019, as that may be our best barometer for the direction of our prices!

Again, we don’t see a major correction, but some leveling off of prices this year, which will create the demand for great Realtors, like a RE/MAX Professional!

RMP Market Update - January 2019LUXURY MONTHLY MARKET UPDATE - January 2019

 

 

img

doorsopenedlivestouched

Related posts

June 2020 Market Update

Check it out! Here’s my latest Denver-metro housing market video update. Take a look and give me a call to talk about what’s going on in the market.

Continue reading
by doorsopenedlivestouched

15516 W 64th Loop Unit #B, Arvada, CO 80007

JUST LISTED!15516 W 64TH LOOP UNIT #B, ARVADA, CO 80007 2 BED | 3 BATH | 1,258 SQ FT |...

Continue reading
by doorsopenedlivestouched

9362 Amison Circle #101, Parker, CO 80134

9362 AMISON CIRCLE #101, PARKER, CO | 3 BED | 4 BATH | 2,183 SQ FT | $335,000 Spacious...

Continue reading
by doorsopenedlivestouched

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.