Offered by Brian Margolis, The Margolis Team
Home Prices continue to climb in 2017. They are up over 8% from this time last year. This tells us a few things. First, is that the market has cooled a bit which is a good thing for the affordability index for first time home buyers.
Secondly, this increase shows we are still in a very strong real estate market for Sellers. The Denver metro area is considered in the conversation when analysts are speaking about the Top 5 hottest cities in the country!
Why wouldn’t we be since we live in such an awesome state!
We are still seeing multiple offers on homes under $350,000 and even in the $400,000 range. Sellers still need to price their home realistically because buyers are very educated today. Interestingly, for sale by owner (FSBO) listings are down in this hot market.
As homes continue to appreciate and money stays cheap for borrowing, our real estate outlook will remain strong and bullish. If you or someone you know is curious about the current value of your home please call Brian and his award winning team about how to get the most money for your home at 720-352-0454 or visit www.TheMargolisTeam.com
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