Are you seeing homes snapped up in a matter of days in your neighborhood? Multiple offers? Bidding wars? It wasn’t long ago that buyers were worried about the market declining, and sellers were worried about selling for a fair price…my, how things have changed!
Buyers can rest assured that the “bottom” of the real estate market is behind us (which, if you think about it, is the only time you really know you have reached bottom!) and now have a new worry—extremely low inventory. With amazingly low interest rates, a buyer’s money goes further…but there is little to buy, and prices are rising.
Sellers also have a new worry…if they sell, where do they go?
There are no easy answers, but we do know that real estate decisions should always be made with a long-term perspective. It’s important to buy the right property—the one that fits your needs for whatever time horizon you have—and make plans that allow for that. Please call Mary (303-619-3150) or Shaylisa (720-320-3452) to discuss your options!
In the meantime, here is an interesting article on the low inventory here in Denver:
Inside Real Estate News – March home sales sizzle, but inventory fizzles