major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

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major challenges in denver metro area for new home seekers as median home price increases by 21% in past year

The housing market in the Denver metro area has seen a dramatic increase in home prices of more than 20 percent over the past year, making it even more competitive for families to buy their first home. Those who were able to purchase a house say they had to open their search beyond their initial expectations as realtors say the inventory will only improve slightly for the rest of 2021, keeping it a seller’s market.

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denver homes are (still) selling fast and for top dollar

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denver homes are (still) selling fast and for top dollar

For the second month in a row, attached properties sold for record-breaking prices. The average price of a single-family home also reached a new high at $632,581.

So far, 2021 doesn’t look much different from 2020—and we’re not just talking about COVID-19 restrictions. Denver’s housing market, which has been scorching hot for the past year, shows no sign of slowing down. There are an abundance of buyers, homes are selling fast, and prices keep increasing.

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how to navigate colorado’s low inventory market like a pro

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how to navigate colorado’s low inventory market like a pro

There’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.

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connecticut home sales roll strongly into 2021, with little signs of slowing down, new report shows

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connecticut home sales roll strongly into 2021, with little signs of slowing down, new report shows

Connecticut home purchases surged into the new year, as sales in January — typically a slow month coming off the holiday — reached a 15-year high for the month, with last year’s hot market showing little sign of cooling off, a new report shows.

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connecticut’s housing market hit new high in 2020, report says

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connecticut’s housing market hit new high in 2020, report says

The strong housing market is a welcome change for the state where median home-sale prices have languished since the collapse of the housing bubble and the ensuing 2007-2009 recession. The state’s population also has been slowly shrinking since 2014 and has a population of 3.56 million as of July 2020, according to the U.S. Census.

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homeowners: now is a good time to sell your house

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homeowners: now is a good time to sell your house

Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.

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february 2019 is the perfect time to sell your home

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february 2019 is the perfect time to sell your home

It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year. We think February 2019 is the perfect time to sell your home.

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why you should not for sale by owner (FSBO)

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why you should not for sale by owner (FSBO)

In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for most sellers.

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the #1 reason to not wait until spring to sell your house

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the #1 reason to not wait until spring to sell your house

Many homeowners choose to wait until spring to place their homes on the market. While buyer demand tends to increase that time of year, there is something to consider. If everyone believes that this is the best time to sell, then that is when sellers will have the most competition.

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thinking of selling your home? the time to act is NOW!

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thinking of selling your home? the time to act is NOW!

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.

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the #1 reason to put your house on the market today

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the #1 reason to put your house on the market today

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think now is a bad time to put their house on the market. In fact, the opposite is true.

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