SW Metro Denver Region Real Estate Home Sale Report – January 2014
Out of 13 zip codes only 5 are not considered an “extreme seller’s market!”. Those 5 zips are merely a “seller’s market!” This is great news considering how long sellers have waited for their home values to increase! Equity is on the rise this year, but only as long as the interest rates remain low. When interest rate increase then prices will decrease or stay flat.
Buyers in this market are anxious to join the Home Ownership Club before they are priced out of the market. Wise buyers are taking care to get pre-qualified with a reputable lender first before they jump into the home search.
Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 720-279-4599 I welcome your call.
Based on information from Metrolist, Inc. for the period of January 2014. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.