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