Denver’s housing market strong

Yesterday I received a telephone call from John Rebchook, the real estate journalist for the Rocky Mountain News. Denver Real Estate Puzzle John shared with me some very good news contained in a report by PMI. You can read the whole news here; PMI Study: Denver’s Housing Market strong

Hearing the contents of the U.S. Market Risk Index is music to my ears. Finally an outside source who has a vested interest in providing good data is handing us a positive report! Denver continues to out-perform other Metro areas. As far as real estate is concerned we have a future and it is good.

Really.

There is not a day that goes by where I’m not talking and/or working with people who are relocating to the Denver area. So many are in a holding pattern until their homes sell in other areas.

No doubt our market isn’t going to light on fire anytime soon, but there are homes selling. In fact as in my example in the paper, we are finding more and more buyers are competing for the good homes.

Properties that are priced right and nicely cared for sell quickly. In fact I showed one last week to a client who couldn’t (actually wouldn’t) write an offer until his wife could see it. She can’t get here until this week. Well, you guessed it, the property is already under-contract. Congratulations to that seller, they did very well. I’ll just have to go find the Mrs. another home this week.

Yes, the Denver real estate market is selling. Prices may be down in some areas, but in others they aren’t judging the entire market by the overall stats is a HUGE mistake. Buyers and sellers have to look at the micro market in the area they plan to buy or sell. Assuming that statistics are a “one size fits all” rule, is harmful.

Call a pro, let your pro show you the facts, the whole facts. Then make your decision.