As published in DMAR Market Trends, July 2023 Sellers who experienced hail damage should make timely claims and hire insured and licensed roofing companies to make repairs. Realtors® can help connect homeowners to trusted local professionals. Annual inflation in Metro Denver for May was reported at 51%, down from 5.7% in March. Metro Denver is […]

As published in DMAR Market Trends, June 2023 With higher interest rates and uncertainty around the economy, more buyers are biding their time and waiting for their “perfect” home to hit the market before making a move. Compared to previous years, the condo market is moving slower especially in downtown Denver. Demand for ranch homes […]

As published in DMAR Market Trends, May 2023 The Property Tax Deferral Program, created in 2021, allows Coloradans to defer a portion of their property tax if they increase over 4%. Between the first quarter of 2021 and the fourth quarter of 2022, about 15% of homes sold in the Denver metro were to investors, […]

As published in DMAR Market Trends, April 2023 Buyers are more hesitant to overpay for a home. Instead, they are getting more creative with offers by paying fees traditionally associated with the seller like title fees, portions of 2023 taxes and transfer fees. Colorado homeowners, no longer protected by the Gallagher Amendment, face unprecedented increases […]

As published in DMAR Market Trends, March 2023 Denver’s paint season is fairly short, and project demand picks up substantially after St. Patrick’s Day as the weather gets warmer. Connect with painting companies now to gather bids and schedule radon screenings before they book for the season. While some have begun to slow down, most […]

As published in DMAR Market Trends, February 2023 Buyers are coming right back into the market. Sellers don’t need to break the remodeling bank to attract buyers but will reap the rewards of smart investments in easy refreshes. Think paint in neutral yet current colors, affordable and interesting lighting updates, decluttering and enhancing spaces with […]

As published in DMAR Market Trends, January 2023 Two Colorado cities ranked on U.S. News & World Report’s top 50 cities for dog owners. Denver ranked 11th and Colorado Springs ranked 23rd. According to Zillow, backyards will be the number one requirement for new homebuyers in 2023, followed by kitchen islands, mirrored walls, less open […]

By Brad Lewis The real estate market has turned a complete 180 degrees from early 2022 and currentlythere is a lull in activity. With the large increase in interest rates over the past six months, the market is no longer aseller’s market, where buyers were paying 10% to 20% or more over asking price with […]

As published in DMAR Market Trends, December 2022 Down payment assistance programs can significantly reduce the cash-to-close delta for a buyer who may or may not be required to be repaid. These programs could make all the difference in being able to own now, during the window of opportunity that exists through the end of […]

As published in DMAR Market Trends, November 2022 As of October 26, 58.2% of active listings have reduced their asking price, compared to 32.6% last year. Properties that reduced price spent an average of 71 days in the MLS, compared to 36 days for those without price reductions. The pool of potential buyers is getting […]