Current Inventory and Marketplace Data in Colorado

The Barry and Larry Vestera Real Estate Program Radio show

8:00-9:00 AM | November 12, 2022

On the show:

Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)
Larry Stanley (Consumer Guy, Co-host, Barry and Larry Consumer’s Real Estate)

Current inventory and marketplace data in Colorado and the whole country

• Experts hardly heard the word “bidding wars”
• Colorado Springs has been experiencing bidding wars for the last 3 years. Denver and the rest of the country have been experiencing it for 6 years
• Markets are going back to the old normal
• This very little change in the median prices has been occurring in Denver

Reports on inventory and marketplace data in Colorado

• The median price range for Denver is $600-620K
• The median price range in Colorado Springs is $640-670K
• Over 75% of the United States are seeing more drop and there is more inventory in Colorado Springs, Denver, and Fort Collins
• The inventory is not increasing or decreasing, it is leveled-off
• Days of inventory now are 6-7 weeks which is not normal for the last 6 years
• The number of homes for sale would be totally gone down to zero in 7 days at the rate buyers are buying
• It’s gone from 1 to 2 weeks of inventory to 8-10 weeks of inventory
• The average days of inventory would have been 100-130 days in the last 10 years
• Buyers can take advantage of the current market and they don’t have to put up to bidding wars

For sellers:

• “Don’t sell or get too serious about selling unless you have analyzed the advantages and disadvantages to selling. Don’t sell unless the advantages of selling exceeds the disadvantages of selling to you and your family and your economic conditions.” 

For buyers:

• Don’t buy until the advantages of selling exceeds the detriments of selling to you and your family and your economic conditions.” – Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)

Tips for buyers and sellers:

• Write down the list of advantages and disadvantages 
• Work with a qualified and skilled real estate agent who can help you prepare those advantages and disadvantages
• Then, you can truly evaluate where you are and what you want to do
• The advantage of having good trustworthy agents (and friends or additional financial advisors) is they will bring the perspective of the marketplace
• It is important that you not only know what’s good for you but also know what’s really going on in the marketplace

Learn about the current real estate inventory and marketplace data in Colorado

Connect with the top-rated buyer and seller agents now!

The National Buyers Agents Association has a network of top-rate fiduciary buyers agents, as well as a resource of good listing agents. Good listing agents will be skilled in getting you top dollar for your home. Buyer agents mostly have well-established connections to other business professionals who can help make your move less stressful. Simply communicate your needs by filling out the online form where you can get immediate results.  Also, the association manager, Kathleen Chiras, and her staff will contact you back as soon as possible. For faster access to top buyer agents, fill out the form or call 800-383-7188, Mondays through Sundays. The service is continually adding new videos on the home buying and home selling process, so check out our YouTube channel today! See you there!