The Denver MLS has gone through a major change, in that it has a completely new operating system call The Matrix. The Matrix offers us the ability to share the keys with our clients to the same system we use for searching properties. While the system is so comprehensive it is still struggling to grasp all the historical data from the old system. During this transition, the market data that we share on a monthly basis is harder to get our hands on. Beginning in January they should be completely transitioned and operating at full speed.
Here is your November Housing Data:
23% increase in the number of closed sales year to date
22% decrease in average days on market (48 days in November)
54% decrease in # of active listings
51% decrease in months of inventory available (2 months in November)
9% increase in average price – sold ($333,992)
Attached Single Family (Condo and Townhome) Highlights:
11% increase in number of closed sales year-over-year
10% increase in number of closed sales year to date
25% decrease in average days on market (43 days in November)
56% decrease in # of active listings
61% decrease in months of inventory available (2 months in November)
5% increase in average price – sold ($204,044 in November)
*data gathered with help from Land Title
The Walters Investment Group wishes you a great day!
When considering the “Right” time to sell your home please take a moment to consider the Winter Months…..the advantages are real and often overlooked. Take a look at our list and let us know what you think!
Your Realtor usually has less clients to work for, therefore he/she can deliver a more specialized service to you.
January is traditionally one of the biggest moving months of the year.
Corporations like to move their employees during the first months of the year.
Interest Rates are still low..we are still looking at 40 year lows but, they are on the rise.
Buyers looking now are very serious
By selling your home during the winter you may have the opportunity of being the “first dibs” house of the Spring market.
Less Selling Competition- Enough Said.
Selling now could set you up to be a non-contingent buyer in the spring. This makes your offers very attractive; you will be ready to Pounce on your Dream Home.
With the new normal of house buying starting with an Internet Search, your property looks just as good now as it will in the spring or fall.
About 20% of all home sales take place between November-February. Sellers and Buyers are motivated to get the deal done during these months.
We hope you find this helpful~ if we can help you or anyone else with any Real Estate questions please email/text/call us anytime!
The jobs report this morning was good. The unemployment rate continues to drop. Today’s report put the current rate at 7%, much less than the 7.2% forecasted. What does this mean for your real estate investments? It means interest rates are very likely to continue to inch higher. In early trading, we are already seeing the yield on the 10-year Treasury testing the September highs near 3%. While we don’t expect mortgage rates to go straight up, they are less and less likely to return to the historic lows that we saw earlier this year. The signs of economic improvement are indisputable. We have already seen signs that the real estate market has stabilized and is improving in communities all over the country. While interest rates are rising, they are still at historic lows. If you have been thinking about buying a home or investing in real estate, give us a call today and let us help you capitalize on the changing economic environment.