November 2019 Market Update Video
Our Denver Metro Home Market continues to show some changes, as the overall activity feels slower for both buyers and sellers. We have felt this shift coming on and it is part of a normal adjustment to what has been an extremely hot market. Some of it is also just expected at this time of year. Our inventory has settled in, and is actually a little less than this time last year. Pricing has settled in a bit with YTD appreciation for single family homes at just 2.5% and Condos/Townhomes at 4.0%! Our Luxury, Signature and Premier markets have been active with increases in homes sold and volume, but prices have been relatively flat.
Buyers, you are able to be very intentional right now, and you have some great opportunities with flat prices, and continued low interest rates. Sellers, you can still list, market, sell and close a home in 2019 by using our RE/MAX Pro’s Marketing Plan, and pricing your home correctly from the start.
As we finish 2019, remember all of the many, many things we are thankful for at this wonderful time of the year!