The teeter-totter of our supply and demand is slightly less lopsided. In July buyers experienced a little less competition as sellers’ listings moved a little slower (source: DMAR’s monthly report): – July ended with 30% more detached and attached properties on the market than June. – There were 12% less closings last month, a signal of more inventory and fewer offers from buyers. – Our average sales price slightly decreased. Sellers, the blazing hot market has only cooled to a “very hot” market. Your chance to receive an excellent offer is higher than before COVID. With the right pricing and negotiation strategy, your goals can be met. Buyers, the odds of purchasing are a little more in your favor. With the school season starting, there’s likely to be even less competition. Get back to the search and see how many more homes could be a fit for your needs (source Megan Aller, First American Title). Let’s connect if you have questions about your options. Melodee (303) 868-3097, Dianne (303) 249-7415.
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