The Denver real estate market in May continued to experience hot growth and shows no sign of slowing down in the coming months!
Because of this growth the Denver real estate market housing values continue to rise for homeowners. In May, the average sold price was over $475,000. And in the Denver real estate market positive indicators for buyers too that included an increase in inventory and homes under contract increased by 11% from April.
Ready to buy or sell a home in the Denver real estate area? If you are considering below are some house hunting tips to survive in the Denver real estate market:
First, even though there have been small interest rate increases don’t expect much impact in sales in this hot market. Next, you need to find a reputable real estate agent and ensure that you have financing available. Now you are ready to begin your house hunting process.
Most of all, be aware of and prepared for “buyer fatigue”. Because buyers are flooding the market there is limited inventory available. Due to this phenomena, you will have to move quickly and make offers on multiple properties.
And you will need to be flexible as you consider location and exploring new neighborhoods recommended by your agent. Most real estate agents agree that as a buyer you may need to compromise on cost, location or size to find your ideal home. Another consideration is to buy a new house that is under construction. New homes often offer buyers more open floor plans and energy-efficient technologies.
With these tips in mind, purchasing a home today in any Denver neighborhood is a good idea! Contact Marilyn and her agents to help you to determine what kind of lifestyle and attributes are most important to you and your family.
From that information you can begin your search for that perfect house!