The housing market is heating up along with spring temps!

In case you haven’t heard… the Colorado housing market has hit bottom and things are on the upswing. While we are experiencing a seller’s market, now is still an excellent time to buy….AND sell! Prices are still low, interest rates continue to be at historic lows and it is relatively easy to get a mortgage. Foreclosure activity has dropped quite a bit.

With inventory so low, there is high demand, and sellers are in a much better position to sell these days. Case in point: I just listed a 4br/2ba home in Thornton for $170K and we were under contract within 2 days, with multiple offers!

For more information about buying or selling in the current market, please do not hesitate to contact me!

-Sally

 

P.S. You can see April market stats on my blog at http://boulderhousesearch.com/market-info/

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Colorado housing market sizzles

The trend of a plunging inventory of Denver-area homes continued in April, as prospective home buyers had 42.5 percent fewer homes to choose from than a year earlier, according to a report released today.

First time home buyers

First time home buyers

The decline in Colorado real estate inventory in April comes as more buyers are shopping for homes, driving up prices, with bidding wars becoming increasingly common.

“We continue to see tight inventory in the Colorado real estate market, which means there about a two- to three-month of supply available,” said Kirby Slunaker, president and CEO of Metrolist. “Conditions are favorable and we continue to look for signs of improvement such as continued price appreciation.”  Read more…

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Denver homes score another year-over-year price gain

For the second straight month, metro Denver real estate market posted a year-over-year increase in home prices in February, according to the latest S&P/Case-Shiller Home Prices Index. Read more…

Colorado real estate market

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