Bidding Wars Are Back And Sellers Are Getting Top Dollar

Dated: 03/23/2015

Views: 654

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The number of home sales that included a bidding war is treading upward. Thirty-three percent of all sales were at or above the asking price, which is often indicative that more than one bidder was involved in a transaction, according to data from the National Association of REALTORS®. That marks the highest rate since 2006.

Bidding wars are rising mostly due to a lack of houses for sale. Nationally, the inventory of homes for sale has been at about 1.8 million properties for the past three years. Prior to that, inventories were about double– reaching a peak of about 3.5 million properties for-sale in 2007.

There are currently 3,863 Active listings for attached and detached units currently for sale in the 7 Metro Denver Counties. The highest number of active single family attached and detached units on the market was in June of 2006 with just under 32,000. There were 3,631 homes placed under contract in January of 2015. To create a balanced market we would need to have 21,786 active units to offset the demand.

Metro Denver needs your house!

While inventories remain tight, buyer demand is on the rise. An improving economy is causing more potential home buyers to enter the market. The result is higher prices and buyers jousting with one another to make the winning offer.

If  you've been on the fence about  selling your home, now is the time.

When can we talk? Call me on my cell phone at 720-837-8191 any time, or email me at Let’s spend one hour together and get your property sold!

Denver Colorado Realtor - Shae Bordewick
As an experienced real estate agent, I understand what it takes to successfully market and sell homes in the least amount of time for the most amount of money. I work throughout the Denver Metro area, but I specialize where I call home, Littleton Colorado. Feel free to call me for a complimentary marketing consultation and let me show you how I can maximize your return on your real estate investment. Shae Bordewick 720-837-191 or email me at

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Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

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