Denver and Summit County Real Estate George Griffin

07/08/2023

Today, newly built homes make up a significant 31% of the total housing inventory. That’s more than double the average percentage seen over the past few decades. This means you have an exciting selection of new homes to choose from in your home search. DM me today if you're ready to explore newly built homes in our area.



Source: Keeping Current Matters

07/07/2023

Today’s Housing Inventory Is a Sweet Spot for Sellers

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy. To help emphasize this, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

According to a recent report from Realtor.com: “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.”

This graph uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market:

2020-2022 are not included in this graph. That’s because they were truly abnormal years for the market. When you compare the orange bars for 2023 with the last normal years for the housing market (2017-2019), you can see the count of active listings is still far below the norm.

What Does This Mean for You?

If you’re considering selling, that low inventory is why this is a great time to sell! Buyers have fewer choices now than in more normal years, and that’s continuing to impact statistics in the housing market. For example, sellers will be happy to see the following data from the latest Confidence Index from the National Association of Realtors (NAR):

• The percentage of homes sold in less than a month ticked slightly to 74%.
• The median days on the market went down to 18 days, showing homes are still selling fast when priced right.
• The average number of offers on recently sold homes went up to 3.3 offers.

Bottom Line

When supply is so low, your house is going to be in the spotlight. If you’ve thought about selling, now’s the time to make a move.

Let’s connect to get the process started! https://www.georgeggriffinrealestate.com/

05/18/2022

Right now may be the best opportunity to maximize the sales price of your property. Home prices continue to soar, and late spring and early summer are the best times to sell.

Please contact me with any questions.
George Griffin

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:

05/10/2022

Don't expect housing prices to decline in 2022. Plan on prices to increase about 5-10%..Right now is a good time to buy or sell real estate. There is a limited supply, and demand continues to far outpace supply.

Please contact me with any questions.

George Griffin
eXp Realty, LLC
Broker Associate
Cell:303-434-5207
Email: [email protected]

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

01/15/2021

Preparing for a move takes time. Don't wait until the last minute to start planning and checking tasks off your list!

Moving pretty much always takes longer than you think it's going to take. So, be smart and plan ahead. There's lots of packing and organizing you can get out of the way two months in advance of your move.

07/06/2020

Some projects are easy to do yourself, but others may cost you more in the long run if you try to DIY. Here's a list of common home issues and whether you should fix them yourself or enlist a seasoned professional.

HGTV Elbow Room's Chip Wade weighs in on 60+ common home repair questions in the HGTV Magazine series, Talk to a Toolman.

02/27/2020

02/19/2020

Read about the 5 remodeling projects with the best ROI- AND the 5 with the worst!

Find out which projects offer the best return on your investment dollars