Michelle Schwinghammer serves as a Director for the Denver Metro Association of Realtors and is honored to be a contributor to its Market Trends Committee that provides timely, consistent, and relevant summaries of valuable local real estate market statistical data.
August numbers for the Denver Metro are in and we officially find ourselves in new waters.
For the first time in four long years, SCHWINGSTATE's official market meter finally dipped into what I believe is an actual buyer's market, having been entrenched in strong seller or at most a balanced one (IMO) since 2019.
A variety of factors contribute to where we are today and things can (and could) easily sway right back into a strong seller's market — especially at certain price points — at any time.
The tricky part about this particular "buyer's" market?
Those who want — and frankly need — to own a home feel they are too strapped to make the leap ... which may or may not be true, given available resources of which would-be buyers may not be aware.
In a nutshell, right now, the current Denver Metro real estate market is complicated and a little bit gridlocked with different segments acting extremely differently.
Even so — if you know where to look and how to respond — there are golden opportunities available at any price point and navigatable paths forward whether you need (or want) to buy or sell this year.
Wanna grab a coffee, catch up, and tease through this information together? ☕ There might be some opportunities you want to explore, at least intellectually. Just remember I'm here for you, ready and able to help, and promise to be a guide you can trust.
Call me 🙂 ~Schwing!
Michelle Schwinghammer is a REALTOR®, Certified Negotiation Expert® and Certified Pricing Strategy Advisor® who helps people move forward in Colorado. She currently serves as the West District Director for the Denver Metro Association of REALTORS and is honored to serve as a contributor on its Market Trends Committee.
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