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Denver Housing Inventory Depletion Is Causing a Transition Towards a Seller’s Market

The real estate market in Denver is exhibiting some changes that were observed by our experts. The number of available Denver homes for sale is gradually diminishing compared to 2012 and 2011, which is called the depletion of the housing inventory by real estate specialists and analysts. It means that there are less home sellers available on the market, which should result in a progressive increase in Denver real estate prices in the next months. The trend is already obvious according to the latest real estate statistic data released by independent experts. Average local real estate prices have increased 9 percent at the end of 2012 as compared to average 2011 figures. Unlike the housing markets in other regions in the United States, local Denver real estate is showing solid signs of recovery from stagnation, which is translating into the gradual appreciation of homes due to a high demand and the depletion of Denver housing inventory.

A Reduction Of Denver Housing Inventory Will Stimulate Home Sellers To Increase The Prices

Our highly skilled marketing and real estate expert team led by Mark Hunke is able to recognize this trends and make solid recommendations to our clients regarding the local home buying opportunities. There are certain changes that might influence the financial decisions of potential home buyers in the near future, which are identified by the leading Denver realtor and incorporated into valuable suggestions made to our partners and clients. Statistic data reveals that there are almost 30 percent less homes available on the market for sale at the end of 2012 and the beginning of 2013 as compared to 2011 figures. The depletion of the housing inventory in Denver is becoming even more intense in the first months of 2013 and is currently an ongoing trend. It is especially true for executive homes in Denver, which are evaluated by the talented team led by Mark Hunke. This reduction in available homes on the market is facilitating a transition towards a home seller’s market, and will stimulate home sellers to ask for higher prices, which is already happening. However, this process is in its initial stages, which is why home buyers should benefit from the low interest rates on home financing to identify an attractive deal and become homeowners. Our real estate specialists recommend potential home buyers to avoid making low-ball offers to Denver home sellers because they are less likely to make substantial discounts due to the increased demand for Denver homes for sale and multiple available offers.

The Prices Will Continue To Go Up As The Local Real Estate Market Exhibits Continuous Growth

Our experts working with the Mark hunk Team are recognizing this unique moment in the situation on the Denver real estate market. The home prices are gradually increasing, but are still low enough to stimulate savvy home buyers to make a home purchase decision provided they are able to benefit from the low interest rates on home financing. Asking for deep discounts on home prices is not recommended because home sellers have sufficient offers and are not willing to reduce their ask price substantially. Rental vacancy in Denver is low, which means that renting is becoming more expensive than investing in a home. With solid recommendations from experienced real estate experts working with the Mark Hunke Team, potential home investors could benefit from this unique situation on the real estate market and secure a great deal.