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- [Re-sent] Newsletter - May 2024
[Re-sent] Newsletter - May 2024
Latest Real Estate Updates and Farmer's Markets 🏡🌻
Spring is here! Houses are selling!
Hi ,
Please consider me if you, a friend, neighbor, or co-worker is thinking about buying or selling real estate.
I say it all the time, but your referrals are the highest compliment I can receive. If you or someone you know plan to buy or sell, I’m always available to talk about your plans.
The Spring market has been very active for both buyers and sellers. Inventory is up and home buyers are acting fast to buy the best homes. Sellers need to follow these tips to have the most success:
Set the right price.
Use professional photographs (don’t skip cleaning and staging).
Enhance the curb appeal.
Work with an agent for expert advice.
Thank you in advance for taking a few minutes to read this update. I hope that you find the information useful, whether you have plans in the real estate market or not. As always, you will find some fun local information including a directory of local Farmer’s Markets.
Best regards,
Todd Holmes, Broker Associate, Realtor®
RE/MAX Alliance - serving the Denver Metro Area
Mobile: (303) 570-3419
Email: [email protected]
Five Star rated agent serving clients throughout the Denver metro area!
Five Star Real Estate Agent
Once again, I have been recognized as a Five Star Real Estate Agent!
Thank you to my clients for acknowledging my top-quality service. This award is based on the following criteria:
Service
Integrity
Market Knowledge
Communication
Negotiation
Marketing
Overall Satisfaction
This award is always special. I work hard in all of these areas to achieve my client’s real estate goals!
Inventory and Rates
Spring in the Denver metro real estate market is typically the most active time of the year and this year is not different. Inventory has been rising and buyers are finding more homes to choose from. Sellers are learning that updated, staged, clean, and most competitively priced listings are selling fast. With the best listings, multiple offers are normal.
In April, mortgage rates began to rise again which reduces the affordability for home buyers. This will likely slow the market in the coming months. Home sellers will need to watch pricing closely and consider offering incentives to buyers which can potentially be used for rate buy-down programs. In spite of higher rates, buyers are in the fortunate position to have numerous homes to choose from in the home buying process.
Contact me if you have any questions or if you would like more details about these reports.
Number of Active Listings
Number of Days on the Market
Listings continue to sell faster as measured by the Median Days on Market report. This is a report to prepare sellers on how long it might take to get a contract. It also helps home buyers when preparing a strategy to compete with other buyers.
In the past few months, this figure has declined to a low of xxxx days. This means that some homes are taking 2-3 days and others are taking 45 days (or longer) to reach a contract. This does not mean that sellers can simply put a sign in the yard and get a home sold.
Contact me for expert advice as you get your home prepared for sale.
Mortgage Rate Trends
Mortgage rates have increased recently, and experts are not expecting rate declines until late 2024 or early 2025. Higher rates paired with increased inventory make it a good market for home buyers. From a seller’s perspective, the rate increases slow buyer demand and affordability. Increased inventory equals more competition for home sellers. Both of these are positive market dynamics for home buyers, even though the mortgage rates are a little higher right now.
Search for Homes
If you are looking for a home or just curious about a home’s value, click on the following button to connect with me and have all listing information at your fingertips. When you have a question, just send me a message directly from the APP.
Recent Social Posts
Farmer’s Markets in the Denver Area
The many farmers' markets spread throughout The Mile High City aren't just about locally grown, farm-fresh produce, delicious baked goods and good-to-the-last bite prepared foods — though you'll find more than enough of those things. Each Denver farmers' market is a festive, weekly street fair, many with live entertainment, family-friendly activities and a vibrant crowd of locals. Take some time this spring and summer to enjoy these great Denver farmers' markets.
Click here for more information.
Connect with me on Homes.com
I’ve set up a personal real estate page for you to connect with me, search all available (and off market) properties, and give you a simple way to ask questions! Connect with me at Homes.com!
Valuable Coupon: A Little Something for your Spring Cleaning
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