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Greater Metro Denver Market Review – October 2019
Heading into the 4th quarter of 2019 we typically expect to see inventory and buyer activity decline. This year we are enjoying an extra bump of buyer activity due to low interest rates. Interestingly it’s taking some additional time for these units to make it from a contract being accepted to the closing table. In a closer look at the data we found that the time to close in the 2nd half of the year is longer than the 1st half of the year and we believe that is due to an increase in offers being written with contingencies. Good news for those buyers who need to sell before they can close on their next purchase, the opportunity is great to make a move before the holidays set in.
Read MoreDenver Metro 6 County Inventory Count
Friday Fun Facts: As record low inventory levels continue to dominate the real estate narrative in Colorado – we have been monitoring inventory levels each Friday in the 6 County Denver Metro Area. This week we are up (+405) properties for a total of 7,130 and an average “Absorption-Rate” of 1.59 Months.
Read MoreRyan Sondrup Wins 2019 Next Door Neighborhood Favorite Award
Neighborhood Favorites—an award program hosted by Nextdoor—is an annual contest that gives locals…
Read MoreNeXstep’s Carolyn Erickson Earns SMART Designation
Eighty-seven Realtor members of the South Metro Denver Realtor Association (SMDRA) have earned the highly regarded SMART designation recognizing the successful completion of stringent real estate courses or Continuing Education classes. The SMART designation sets real estate professionals apart from the mainstream and is regarded as a symbol of a designees’ dedication to the pursuit of higher standards, which is a key mission of SMDRA.
Read MoreGoal Accomplished: 2019 Soles4Souls Shoe Drive!
Our annual shoe drive was a huge success this year. We set out to break last years goal of 900 shoes. Thanks to all our great clients and wonderful neighbors we shattered our goal and donated 1,300 shoes to Soles4Souls! Thank you so much for your support. We will be back in 2020 and will once again look for your help to support this great cause! Contact your favorite NeXstep Realtor if you have any questions. Thanks again!!
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