March snapshot

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real estate market conditions snapshot You’ve no doubt noticed that things look a little different around here. I’ve bit the bullet and updated the look of the website, and added some functionality that I felt was missing. Overall, I like the new look, but it’s taking some time to get everything moved around and set back into place. While I’m doing all that, I’m also updating pages, posts and formats wherever and whenever I notice a problem. If you’re missing something, or notice something awry, let me know and I’ll take care of it.

One of the things I’ve added is a real estate market conditions snapshot that is right on the front (home) page of the website. Right now, that’s the only place it is, but that might change.

The real estate market conditions snapshot is designed to give you a really quick look at what’s going on in the current real estate market for the south Denver metro area. I pull the data out of the multiple listing service (MLS) once a month, and try to match it up to my market area. The fit isn’t exact, but it’s pretty close. In the future, I will probably play with the format of the snapshot, but for now I just wanted to get the information out there for you.

As you can see, the real estate market is still crazy. Inventory is creeping up slowly — and that’s a good thing — but last month we sold over 50% more properties than we did in February, so we cut deeply into what little inventory we had. Right now, we have less than a five-week supply of homes for sale.

Yikes.

It’s not apparent from the figures on the current market conditions snapshot, but in Highlands Ranch alone, we only have a four-week supply.

Yikes, yikes!

Really, if you are even beginning to think about selling your home, now is a great time to do it. We’ve got a really strong sellers’ market going on.

I’m here to help, if you just let me know what you need from me.

With warmest regards,

real estate market conditions

 

 

 

Randall Brennan, REALTOR
EQUITY COLORADO
303-909-2365

Certified Investor Agent Specialist
Certified Distressed Property Expert
Certified Military Housing Specialist
randall@randallbrennan.com | randallbrennan.com
My business profile

 

So what’s next? Take your pick.

 Randall Brennan | REALTOR | Highlands Ranch Colorado

 

 

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