April of 2020: The month our market stood still. While we coped, adapted, and waited, home became the most important, sacred place in our lives. Over the last year, the intensity of buying and selling has grown month after month. Some of the highlights from April (source: DMAR’s monthly report):
– We ended the month with 35% more listings than March and the lowest inventory ever recorded for the month of April.
– Every month sellers leave the closing table with more money as the average sales price (combining detached and attached properties) sailed past $600k.
Sellers, you have the power to meet your needs (price, moving date, negotiations). With that extra equity and our low interest rates, you can list after you’re under contract on your next, spacious home.
Buyers, it takes knowledge, planning, and realistic expectations to succeed in our fast-paced market. Stay patient, determined, and work with our industry’s experts.
Let’s connect if you have questions about your options. Melodee (303) 868-3097, Dianne (303) 249-7415.
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