Denver Area Real Estate Market Watch

It's typical for the market to slow down this time of the year - the kidlets are back in school so the spring/summer shuffle is over. But I'm feeling something a lot stronger than a normal market slow down. Prices seem to be falling, fewer homes are selling, there is a decrease in the number of homes being listed for sale. However inventory is still tight. In August 4,920 homes sold. Half of them were in the $300,000 - $500,000 price range. It's still a sellers market, but the market conditions are improving for buyers. One of my buyers found a cream puff of a home that had been on the market for 3 days. The listing agent said he'd had 20 showings and no calls or offers. Because of that, even though my buyer was a contingent buyer (she had to sell her home in order to buy this home), she swept in and was able to buy a home that she probably wouldn't have been able to get 30-60 days ago. Whenever you are ready, here’s some ways that I can help with your real estate goals: 1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search 2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here 3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com 4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over. Also….check these out?? Denver Home Finder Service Denver Home Seller Service