Barry Kunselman | 303.887.0588 | Contact Barry

More Denver Homes Come to Market in April 2022

Denver homebuyers caught a break in April with 3,204 new listings (attached and detached) coming on the market. Compared to March, that's a 50.3% increase—it's also 49.1% higher than a year ago. This could signal a turning point for buyers that have been fighting over meager inventory for two years. GET THE FULL REPORT

Potentially fueling this rush are rising interest rates. Many homeowners are looking to sell before potential buyers are priced out. And many buyers are just as eager to purchase a home before rates climb any higher. 

Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:

0:01 - Introduction

0:05 - the market has definitely shifted, and it is much more buyer friendly

0:22 - We've made some super aggressive offers especially since the beginning of this year

0:35 - reasons why a shift to a more buyer friendly is a good thing

0:46 - opportunities for some situations for buyers to make a contingent offer 

1:20 - Wrapping it up

 

DENVER HOMEBUYER TIPS

Prices are continuing to rise, as are mortgage rates, but buyers are catching a break with more options and less competition. Any slowdown caused by higher mortgage rates will make the market a little easier for patient buyers. The market could be in for a shift this year as it copes with higher mortgage rates. 

Are you ready to buy your dream new Denver home? You are ready to purchase if:

  • YOU HAVE MONEY FOR A LARGE DOWNPAYMENT Having money in the bank not only puts you in a better position to make a large down payment, but it’ll also help prepare for unexpected maintenance issues or repairs that may arise in the new home. If you’re thinking of selling, having money saved will give you the ability to make improvements before you list.
  • YOU HAVE EQUITY IN YOUR CURRENT HOME. When you have positive equity in your home, you have options when you sell. Depending on the equity amount, you may be able to put 20% down and have enough left over from the proceeds to fix it up.
  • YOUR HOME NO LONGER FITS YOUR NEEDS OR LIFESTYLE. If your family has outgrown your home, you may need to upgrade. If your children have moved out of the house, you may be ready to downsize. If you’re no longer enjoying your home or your location, it may be time for a change.

April 2022 Denver Market Stats

While the numbers listed above represent the market, it may feel different depending on which part of the city you are in. I'd be happy to compile the neighborhoods you're interested in learning about and email the numbers to you. Accompanying the statistics for each specific neighborhood is a detailed description of the area so you can see if that neighborhood sounds right for you. Let me know which neighborhoods you'd like, and I'll gladly send them to you right away. 

 

SELLING YOUR DENVER HOME

Supply remains historically low. In records going back to 1985, the average number of available homes on the market in March was nearly 14,000, the report shows. The record low was 1,921 active listings in March of last year. It is still a great time to sell as home buyer demand in today’s market gives you a fantastic opportunity to get the best terms and price when you sell your house. 

 

HOMESELLER TIP

 

GET IN TOUCH

It's my job to help you and all my clients make smart housing decisions. The stats are a phenomenal indicator of the Denver real estate market, but they're just the start. I'm happy to share my expertise to tell you about the stories behind the numbers.  

If you need to discuss the Denver market statistics above, please don't hesitate to call/text 303.887.0588 or email me at barry@porchlightgroup.com!

What's My Home Worth

 

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