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🌟 October Market Update 🌟 The housing market continues to shift! Here’s what we’re seeing locally in the last 30 days: 🏡 Median Sales Price: Up 11.8% to $346,500 📈 Pending Sales: Up 17.6% 🏘️ Inventory: Up 5.2% to 774 homes available ⏳ Days on Market: Flat at 18 days Even though nationally we’re seeing slower activity, buyers in our area are staying active, and homes are still selling quickly. Curious how this impacts you? Let’s chat! 💬 #RealEstateMarket #HousingMarketUpdate #RealEstateAgent

Did you see this?... If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number... #realestategoals #realestatetips #betsywilsonhomes #williamraveis #simplifyingthemarket #knowledgebroker #realestatemarket #realestate

This past week, the median price for homes listed on the market fell 0.1% compared to the same period last year. This marks the third week of year-over-year price decline since July 2023 and the second consecutive week of negative annual price changes. Stay informed and keep an eye on the housing market as it continues to shift. #realestate #housingmarket #homeprices

The current market has experienced growth in both sales and prices compared to the previous year. Homes are selling slightly faster, although the overall time to sell has increased for the year. Additionally, there is more inventory available, leading to a larger supply of homes on the market, which suggests increasing competitiveness in the housing market. To read the entire report, click the link below. https://ow.ly/QzYu50SZtWF . . . #elementsir #sothebysrealty #marketupdate #kcmarketupdate #sellyourhome #kansascitymarketupdate #kcmarket #market #realestatemarket #nothingcompares #onlywithus

Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a... #realestategoals #realestatetips

Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a... #realestategoals #realestatetips

🏠📊June Housing Market Update❣️ 📈Denver metro has appreciated 3.8% so far in 2024 compared to last year. 📈Inventory levels are at their highest in a decade, continuing to rise. 📈Economic indicators suggest a rate cut in September, likely driving prices up. ☀️📉Currently in our "summer slump" with more inventory and potential price dips. Below is a snapshot of June's housing stats. Check your email for more in-depth numbers and analysis. DM me if you want the full report. 𝗣𝗿𝗶𝗰𝗲𝘀: Single-family homes saw a median sold price increase to $658k, while condos and townhomes held steady at $409k. 𝗗𝗮𝘆𝘀 𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: Homes are moving fast, with single-family properties going under contract in just 11 days on average, compared to 17 days for condos and townhomes. 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗢𝗳𝗳𝗲𝗿𝘀: Over 34.1% of single-family homes sold for over asking price, with concessions averaging just over $10k. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆: Active listings are up significantly, with 6,160 single-family homes and 2,828 condos/townhomes on the market, the highest since 2014. . . . #HousingMarketUpdate #DenverRealEstate #MarketTrends #kikithepropertydominator #dominateyourrealestatedreams #propertydominator #denverrealtors

🏠📊June Housing Market Update❣️ 📈Denver metro has appreciated 3.8% so far in 2024 compared to last year. 📈Inventory levels are at their highest in a decade, continuing to rise. 📈Economic indicators suggest a rate cut in September, likely driving prices up. ☀️📉Currently in our "summer slump" with more inventory and potential price dips. Below is a snapshot of June's housing stats. Check your email for more in-depth numbers and analysis. DM me if you want the full report. 𝗣𝗿𝗶𝗰𝗲𝘀: Single-family homes saw a median sold price increase to $658k, while condos and townhomes held steady at $409k. 𝗗𝗮𝘆𝘀 𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: Homes are moving fast, with single-family properties going under contract in just 11 days on average, compared to 17 days for condos and townhomes. 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗢𝗳𝗳𝗲𝗿𝘀: Over 34.1% of single-family homes sold for over asking price, with concessions averaging just over $10k. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆: Active listings are up significantly, with 6,160 single-family homes and 2,828 condos/townhomes on the market, the highest since 2014. . . . #HousingMarketUpdate #DenverRealEstate #MarketTrends #kikithepropertydominator #dominateyourrealestatedreams #propertydominator #denverrealtors