Market News

Spring Market Coming This Summer!

It’s been eight weeks since the “Stay at Home” order went into effect and caused panic at the liquor stores and brought real estate showings to nearly a dead halt. While the restrictions are impacting the residential real estate industry in ways we’ve never experienced, for the average homeowner not much has changed. Below is […]

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Pandemic Home Sales Activity

If you would like to walk through a home currently on the market, you’ll need to be under contract first – yep, you read that right. If you would like to list your home on the market, you will need to stage it yourself and take your own photos as professional home staging and photography […]

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Looking For A Better Quarantine Space?

The Great Recession, only twelve short years ago, remains strongly etched in the minds of those who suffered through it. We have an almost PTSD like response to link the terms “recession” and “housing market” together because of that experience. Historically, however, recessions and home values appear to have little correlation, unless of course the […]

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2019 Year End Round-Up

Central Denver’s 2019 home prices end with a “bleh”. For the first time since 2011, the rolling twelve-month median price dropped (mid-year), and by the end of December we ended up pretty much where we started the first month of the year. What does 2020 hold? The best future performance indicator for the market is the […]

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Shining A Light on the Shadow Market

The National Association of Realtors (NAR) is enforcing a significant new requirement this coming year. Starting May 1st, Realtors must list their client’s property in the MLS within one business day after installing a “coming soon” sign in the yard, emailing prospects or other realtors about the listing, or publishing the listing on a private […]

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Do Summer Vacations Cause Market Volatility?

Each year during the fall the average days on market increases and the list price to sales price ratio decreases for homes in central Denver, but why? The phenomenon begins in the spring when buyer and seller activity are mismatched — most likely as a result of summer vacations. You see, buyers start looking for homes […]

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Eight Years of Consistent Gains Come To An End

Yes, you read that correctly. For the first time since 2011, central Denver (map) home prices are dropping. We looked at the rolling 12-month median price to eliminate seasonality, and as you can see below, starting July of this year, the market has reversed course. The 12 months preceding July represent the historic height of central Denver’s […]

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