How’s the Market – Denver Metro Area

  • Fewer Homes Available

  • Buyers buying at a more robust rate

  • More Seller Terms being offered!

What do buyers need to do?

  • It’s all about interest rates!!!
  • Buyers must be prequalified and approved before looking at homes.  Since the inventory is lower, the buyer needs to be ready to go when they find a home they like.
  • Waiting is never going to work.

What do sellers need to do?

  • Create a great price based off of today’s pricing less the concessions paid by those smart sellers who did sell over the last 90 days.
  • Bring a “Terms Package” to the buyer pool to differentiate the home.
  • Make the home the best conditioned property you can find in the market and it will attract buyers.  Painting, new carpet, sprucing up the yard are all critical elements that allow buyers to buy.
All information taken fromReColorado on September 14th, 2023.

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