Michael Shotnik
Branch Manager
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FROM OUR BLOG
October 9, 2018

October Market Trends Report 2018

Here you’ll find the October 2018 Market Trends Report as listed by Denver Metro Association of Realtors. Here are the main highlights:

  • September saw an increase in month-end active listings compared to the prior month and the same month in prior years with inventories concentrated in Denver, Douglas, Arapahoe, and Jefferson counties.
  • According to Danielle Hale, chief economist of Realtors.com, the signs are pointing to a market that’s shifting toward buyers, but we’re far from a full reversal in most cities.
  • While increased inventory and days on the market indicate a trend toward a more balanced market, going back to basics is always the key. Homes that are priced appropriately and show well are still selling quickly.
  • New home prices are increasing due, in part, to the Trump administration’s imposed tariffs on housing materials. Tariffs are up 10% on aluminum and 20% on steel and Canadian lumber. Experts say the industry is bracing for continued pain, as the President appears likely to move forward with proposed tax on at least $200 billion worth of goods imported from China.  

Find the full report here

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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.