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Home Value

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Honey, Have you seen the inventory?

The excitement for an increase in inventory is never long lasting for a Colorado real estate agent. It has been a heck of a roller coaster ride for a few years now. Just when the market looks like we are going to add a positive gain in inventory we go and sell all the existing listings. It is a wonderful thing for the sellers but it is rather annoying for our buyers out here.  The other day I was talking to my buddy at Caliber Home Loans, Mike Sadowski, and we were looking at the new listings vs sales and we were kind of excited about what the numbers were showing. Then looking at it today and we basically sold those and then some! Instead of breaking it down to Evergreen, Conifer, Golden and Denver this week we will look at the Denver real estate market as a whole. We see on the chart to the right the numbers for the entire Denver MLS for residential activity over the last 7 days. This chart is pretty similar to  what we have seen for years now. The market is seeing  a drastic difference in new listings to sales ratio. One interesting thing we see is all the indicators show a strong sellers market still. All but one. There were a lot more price Decreases than normal. This is showing the market that buyers will buy if the price is in the proper range. Not over paying though. 

Zillow Sucks! There I Said It!

Zillow is one of the worst companies ever thought up. It has been a company that has no regard for either their customer (as a person searching on the site you are not the customer customer is real estate agent that buys your information. More about that in a second) or the public. Let's start with how they screw the real estate agents. Why should that matter to you? Well Orson Hill Realty is a premier agent for Zillow. We have great Zillow reviews but that and $5 will buy you a cup of coffee. When an agent pays $1000s of a month to be a premier agent that cost is passed on to the consumer. It is hard for some agents to afford to be on Zillow and reduce their rates for sellers. Luckily we do not have that problem here at Orson Hill but I have had conversations with plenty of other Zillow advertisers. That is all Zillow is, a company that people advertise on and Zillow sells your information to the highest bidder.