There is no doubt that the Denver Foothills real estate is still…well… different. I have been doing this about 14 years and I have never seen anything like this. One thing that is predictable is when rates so does inventory. That is what is happening now. At the time of this post national average for mortgage rates was 7.36%. That will always slow down market activity.
We are still at historically low inventory numbers so that is putting upward pressure on prices. Sending them up as inventory rises. Usually as inventory rises prices tend to go down. Not in 2024 because why TF would anything be normal in 2024?
Number of Active Listings
Days on Market 2024
Although days on market really ticked up in the start of the year the last couple months they are back in line with normal time frame.
Number of sales May 2024
Number of sales are trending upward after a more drastic than usual seasonal trend downward. We will see this number increase even with rising interest rates. There are ALWAYS real estate transactions under any conditions. Things boil down to how many and how fast.
Supply and Demand
It looks like supply will remain short this spring. Up from last year but that really isn’t saying much. I see values continue to rise and homes to still move faster that the past but not as fast as the Covid rush.
Orson Hill Realty
Real Estate Agents at Orson Hill Realty for Buying and Selling Your Home
Our real estate Agents and Brokers are all Realtors so you have a higher level of ethics and experience. Our staff is also Very Active in the Community – All Orson Hill Realty agents and brokers are local and love their community. We strive to keep our hands on the pulse of the community by being involved in every aspect of the area. We volunteer, have open houses, work at our schools and local sporting events. Don’t forget to visit or get listed on our local business directory! Have a piece of mind when you hire Orson Hill Realty Realtors. Know we will handle everything in your real estate transaction professionally and ethically. The broker/owner of Orson Hill Realty is also a Realtor in Southwest Florida. We would like the opportunity to win your business. Buyers and Listing Agents…
We Want to be Your Real Estate Agents…
Real estate agents understand the importance of an online presence and the best technology for our buyers as well as our sellers. For buyers our technology is important because in this fast paced real estate market you need to be notified immediately when a home becomes available on the MLS (Our multiple listing service) You can also do a very detailed home search through our portal that is updated multiple times a day to have the newest and freshest information on homes being listed, sold and going under contract. We also push all of our listings out to a huge amount of online sources, so that you can find your new home with ease!
