Market Trends Report September 2018

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

 

• According to research from the National Association of REALTORS, nationally, July’s pending home sales were down 2.3 percent year over year. Locally, they were down .23 percent.
• A recent study by 24/7 Wall St. ranked Colorado as having the best state economy in the U.S. for the second year in a row, due largely to our GDP and job growth.
• Buyer activity seems to have slowed and we are seeing fewer multiple offer scenarios, fewer inspection allowances and fewer appraisal guarantees. Well-priced move-in ready homes, however, are still selling quickly.
• In a survey conducted by Zillow and research firm Pulsenomics of 100 real estate economist and experts, 43% said they believe the U.S. housing market will become a buyers market in 2020.  

Find the full report here