Michael Shotnik
Branch Manager
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FROM OUR BLOG
February 11, 2019

February Market Trends Report 2019

Here you’ll find the February 2019 Market Trends Report as listed by Denver Metro Association of Realtors. Here are the main highlights:

  • The government shutdown and stock market dip may have affected early January activity due to consumer fear. Now, with employees back to work, confidence appears to be up with an increase in real estate activity in the Denver Market.  
  • Though inventory today is higher than a year ago, key drivers of insufficient housing supply continue to be: expensive land/lack of land, rising material/labor costs, few incentives for innovation, state and local regulations and community opposition.
  • Buyers are sighing with relief. With the market adjustments, it’s easier for move-up buyers to place contingent offers on their next home.
  • The best time for sellers to list will be March, April, and May to take advantage of the lower inventory and high buyer activity. Starting in June, homes under contract have historically declined so any time before then will be a good bet for all the sellers out there.

Click here to see the full report.

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Sierra Pacific Mortgage Company, Inc.

Sierra Pacific Mortgage NMLS# 1788. Michael Shotnik NMLS: 218281, CO License: 100017466. Regulated in Colorado by the Division of Real Estate #988320. To check license status of mortgage loan originator, visit D.O.R.A. and NMLS consumer access.