In the last week, my office has put three new listings on the market, all three have received multiple offers within the first few days on the market!
$179,900 in Thornton – 2 offers in first 5 days
$224,500 in Longmont – 2 offers in first 3 days
$289,000 in Firestone – 3 offers in first 4 days
We Need More Listings!!
The local Northern Colorado / Denver Metro housing market is experiencing a serious shift towards the Seller’s advantage. Forget about everything you’ve heard before, and find out if this is finally your year to move, successfully.
From a local market perspective, the 2012 ActiveRain real estate survey shows markets where real estate agents are significantly more optimistic and others in which real estate agents are concerned about 2012. Based on our survey data, the ActiveRain real estate network has created a real estate confidence index and ranked the top real estate markets.
Below is a list of the TOP 10 and BOTTOM 10 real estate markets ranked by real estate agent confidence.
I’ve been saying it for weeks now… our inventories are LOW! Lower than I’ve seen in a long time here along the front range, in Longmont, Fort Collins, and throughout the Denver Metro. We are seeing our days on the market shrinking for properly priced, non-short sale listings.
If you’ve ever thought about selling, now is a good time to give me a call… let’s chat about your neighborhood.
By Nick Timiraos
But appearances can be deceiving, and it remains to be seen whether the drop is the beginning of a real recovery or if inventory is being held down by sellers waiting for prices to pick up and banks moving slowly on foreclosures.
The 1.89 million homes on the market at the end of December represented a 6% decline from November and a 22.3% decline from one year ago, according to data compiled by Realtor.com.
Low inventories are an important ingredient for any housing recovery because prices could firm up in markets that have worked through their inventory.
Still, some real-estate agents aren’t celebrating because there’s a large backlog of potential foreclosures that haven’t yet been taken back and listed by banks. The inventory declines are particularly pronounced in certain states where banks have sharply slowed down foreclosures to correct document-handling abuses.
Moreover, some sellers have pulled their homes off the market to wait for a turn in prices, and that “pent up” demand from sellers could keep inventories higher once prices do rise.
Inventories were down for the year in all but one of the 145 markets tracked by Realtor.com, with Springfield, Ill., posting the only year-over-year inventory gain. The largest declines were recorded in Miami (-49.7%), Phoenix (-49.1%), and Bakersfield, Calif. (-46.6%).
The Realtor.com figures include sale listings from more than 900 multiple-listing services across the country. They don’t cover all homes for sale, including those that are “for sale by owner” and newly constructed homes that aren’t always listed by the services.
- Housing Inventory Down 22% Nationwide (standaloneluxuryhomes.wordpress.com)
- Already Low, Housing Inventory Drops More (blogs.wsj.com)