I hope that this update finds you and yours well.

It’s the hot height of summer and active inventory has also reached a current height for the year with over 4000 listings. However, the trends are changing slightly as new listings, pending offers, and closed homes are all down a few percent when compared to July of 2020 in the Denver metro and surrounding areas. There has been a general sense of trying to return to normal in many aspects of life, and maybe these changes are an example of that within the housing market.

Summer is not quite over yet, as some people are finishing their late summer vacations and others are already spending each morning in the long carpool lanes with kids returning to school. But as the seasons begin to change, August and September are considered ideal months for home buying. And this year, all the more so, as there are a few more options available than in previous months. It also helps that, against predictions, interest rates have still remained very low.

On the flip side, with a few more warm months ahead, this is still a clever time to sell if that’s in your plans for 2021. No one is quite certain what the later part of this year will look like in the market, but at the moment buyer demand remains strong and our area is a very sought after and wonderful place to live!

Enjoy the last few weeks of summer, and as always reach out with any questions.