January Market Report

Real Estate Market Report - January 2016

January 13, 2016

Market Report, January 2015

Todd Holmes, RE/MAX Alliance 3000

Todd Holmes, Realtor

®

RE/MAX Alliance 3000Call, Text, or Email(303) 570-3419

Links to Reports and Charts

Proudly supporting...

Dear ,Happy New Year! Here is my Real Estate Market Report summarizing the past year and looking ahead to 2016.If you are planning a move in 2016, contact me now - let's meet for coffee and talk about your plans.Best regards,ToddFive Star Real Estate Professional, 5280 MagazineRE/MAX 100% Club & Executive ClubRecent Client Testimonials

Real Estate Market ReportJanuary 2016

What happened last year and what can be expected in 2016?

Last year was an outstanding year in the Denver real estate market (if you were a home seller). As a home buyer, you were faced with rising values, bidding wars, and limited inventory.

What can you expect in 2016?

Most experts are optimistic when discussing the Denver real estate market with a more cautious outlook for 2016.

Low Inventory

As of this date, the inventory of available homes is at a new record low. The lack of available homes has driven home values up (supply and demand) and deterred a few “move-up” buyers who are afraid they can’t get what they want.New home builders are active but still conservative, usually waiting for a contract before starting construction (this is good).

Rising Mortgage Rates

With the recent news that rates will be rising, first time buyers and move up buyers will face the challenge of reduced buying power. This factor might slow the expected increase in property values. Mortgage rates are likely to rise (slightly) but still remain very competitive in historical terms. On a side note, the tight rental market continues to drive both investors and first time buyers to the housing market.

Bidding Wars

Home buyers (especially at lower price points) have been faced with competitive bidding and multiple offers. As this becomes more normal, a different approach is necessary to successfully contract to purchase. I have experience with both buyers and sellers in competitive market situations. Contact me now because planning and preparation are important.Housing Bubble?

Are we in the middle of another housing bubble? According to many sources, the Denver real estate market can expect another five to six years of steady gains. Strong buyer demand, low inventory, and a good economy are all positively impacting the local housing market.

As your local real estate expert, I am available and ready to help you with your moving plans or questions about the housing market. Contact me to schedule a no obligation meeting or request a detailed market analysis of your home. I am always available for you, your family, friends, and referrals!