Is it a Buyer’s Market? Seller’s Market? How long are homes taking to sell?
Like most of the country, the Denver metro area is coming off of record-high appreciation & has recently experienced some market whiplash. Rising interest rates have led to a dramatic increase in inventory. While still overall a Seller’s Market, things are shifting toward more favorable conditions for Buyers. Sellers have to be more aggressive on their pricing, are offer more incentives & multiple-offer situations, while still common, they are no longer the norm.
Does your Realtor have the experience & the know-how to best leverage this market knowledge to your advantage, whether you’re a Buyer OR a Seller? Can you compete in a still-tough market? If not, then you need some Fresh Air in your Real Estate Transaction!
Don’t just take our word for it — check out the market statistics from the Denver Metro Association of Realtors (DMAR) for yourself!