Tuesday, June 17, 2008

Listings Fall; Inventory Starts to shrink!

I cannot make it any plainer. For 3 months we have seen a steady decrease in the new listings coming on the market in Denver. The real estate market here has bottomed out. Soon we will see the number of days on the market start to shrink. In the south market, even on foreclosed, bank owned properties, we are seeing competitive bidding for homes...that is more than one interested buyer making offers at a time.
The majority of my business this year has been working with buyers in the south Denver real estate market. And even as I write this I have one buyer competing with another to "win" the purchase of a town home. It is what it is, and I have been reporting this for months. Sometimes it is a sense you get, and that is where it started. Other times you get hard data. And other times it is salesman's hype. Well, In Highlands Ranch, it is not hype. And across Denver, there is some data to support what I am reporting.
If buying a home is in your future, the best price will be gained right now in Denver. Make the move sooner, rather than later.

23 years of experience can go to work for you or your friends & family, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

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