The increased activity has been refreshing for buyers and sellers. Yet this isn’t our typical Spring - trends are shifting (stats provided by DMAR):
Buyers, April finished with 44% MORE listings than in March (and 24% MORE than April of 2021). The surge in inventory was a big welcome.
Sellers, average sales prices held steady while days on the market decreased. The demand from buyers is still too high for you to not receive an excellent return on your home.
But we also noticed a slight change in recent stats. The combination of higher interest rates and more inventory makes our market a little less competitive. Sellers, prices will remain strong. You may get 1-3 offers (rather than 6-8). Buyers and investors, the shrinking pool of house hunters means you have a bit more negotiation power. Text, email, or call me at 303.912.5394 or [email protected].