More inventory, less competition, slightly lower interest rates, and strong sales prices - this is the opportunity some of you have waited for since the beginning of 2020 (stats provided by DMAR):
- The month-end active listings jumped +21.53% over last month.
- Days on the market increased by 30%.
- The close-price-to-list-price ratio remains above 100%.
Welcome to a more balanced market. The extreme, frenetic season for both sellers and buyers is behind us. Buyers, if you took a break from the hunt, you’ll have a different experience. Talk with your lender. Celebrate you don’t need to make crazy over-asking offers. In fact, you can take a night to consider making an offer. You haven’t had this much negotiating power since 2019. However, sellers, the market is far from a buyer’s market. We still have a fraction of the homes to meet all buyers’ needs. With some excellent preparations and a marketing plan, you can meet (and perhaps exceed) your asking price. Text, email, or call me at 303.912.5394 or firstname.lastname@example.org.