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Denvers Real Estate Market Shifts To Buyers Advantage
The inventory of active listings at the end of August stood at 9,144, up 2 percent from July's inventory of 8,967 and below the 9,560 properties available in August 2014.
Given the reluctance of many families to uproot their children once school starts, home sales typically slow in August and through the fall.
Additionally, recent stock market volatility and seasonal trends may give buyers better financial options and more time to make purchasing decisions entering the fall. The recent stock market correction could offer benefits to prospective buyers. "A temporary drop in demand by those negatively affected by the stock market instability might be just what the would-be buyers need to gain the advantage in a market that has given sellers the upper hand so far this year," says Jonathan Smoke, chief economist for realtor.com, adding that postponement by the Fed due to the market correction could extend accessibility of attractively low mortgage rates.
Slower activity should work in favor of buyers and tame some of the double-digit price gains seen locally.
Denver Colorado Realtor - Shae Bordewick. As an experienced real estate agent and a certified negotiation expert, I help buyers and sellers achieve the best price and terms possible. 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 [email protected]
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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