Good morning, I hope that this market update finds you and yours well as May flies by.

If you’ve been following the housing market trends lately, it might not surprise you that May began with over 2500 active listings in the Denver metro and surrounding counties. Slowly, more homes are staking those eye-catching “For Sale” signs in their front yards as the hottest months of the year are approaching. In fact, according to Realtor.com, almost 10% of homeowners around the country plan to put their homes on the market this year.

However, even with more sellers taking advantage of this opportune time and built-up equity, the persistent buyer surplus doesn’t show signs of slowing in our area for some time. One indicator of this can be seen in the continual increase of residential real estate, with the average price of a single family home closing at nearly $700k in April. Something to keep in mind as you read stats and research trends that compare year over year numbers, is that one year ago, Colorado was under a number of mandates and restrictions that affected almost every industry and sector. However, as we continue to hear more encouraging news about the future, know that I’m here to help answer any questions you might have regarding the next steps with your current or future home.

Have a wonderful and warm weekend.