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The Denver Real Estate Market
Has Shifted... Home appreciation soared in many Denver area communities from 2014 through May 2024 due to a perfect storm comprised of severe lack of inventory and historic-low mortgage interest rates. The market has shifted in recent months as the number of available homes is slowly increasing alongside mortgage interest rates that have gone from the 2%, 3% and 4% range to 6%, 7% and even low 8%! Sellers have seen their home values skyrocket and are using the equity to leverage a move up or cashing out as they transition to independent living or assisted care facilities or in some cases, purchasing homes with their children so they can be closer to their grandchildren while helping their children afford a home that accommodates everyone. Buyers on the other hand are still coming to grips with the reality of 50% increases in mortgage rates that are never likely to return to the past decade. If you're unsure about how the changing market will impact your ability to sell and buy, 'JustCallAnts' at (303) 520-3179 for no-obligation consultation.
In addition to providing MLS trends and real estate statistics for the 11-county greater Denver area, the reports include expert insight and analysis into the greater Denver real estate market. Links to the respective real estate market reports along with infographics for the current market are available 24/7 or feel free to call me at 303-520-3179. Anthony Rael is a Denver-based REALTOR® with RE/MAX Alliance and is a local market expert serving the greater Denver Metropolitan area. I'm a rare Denver-Native and sixth generation Coloradoan with expert knowledge of our local neighborhoods and marketplace! If you’re interested in learning the value of your property or you are considering the possibility of buying a home in the Denver area and want more detailed information about a specific neighborhood before you buy, simply complete the form here and I will be happy to create a FREE Market Report that best meets your needs as a buyer or seller.
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