This #Centennial and #Denver area Real Estate market continues to set records.
The number of homes/condos/townhomes (inventory) available for sale is at historical lows. The number of buyers is about normal.
But because of the lack of inventory, we have numerous buyers trying to buy the limited amount of homes for sale. We are experiencing bidding wars. Many properties are going Under Contract within a day or two of coming on the market.
This dynamic is pushing housing prices up. That’s good news for sellers.
The below chart captures this dynamic with prices going up and inventory dropping drastically.
If you are looking to take advantage of this buying opportunity, interest rates are still extremely low – around 4.0%. Search for the perfect Centennial home here.
If you need a private consultation on your particular real estate situation, call me (Vickie Hall) at 303-944-1153 or email me.