“We’re not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen.”
Year over year data reveals a great deal about not just the state of our real estate market over this past year, but also what is trending and in which direction we are heading as we move into the 2019 marketplace.
There are many things in our real estate marketplace for a buyer or a seller to be thankful for in spite of several twisting turns and switchbacks to navigate along the way this year.
Our Front Range real estate marketplace has held unique opportunities for those buying and selling this year. Want an incredible mountain view? That can be obtained from within a mountain community or from any of the spectacular towns located in the foothills of the Rockies.
It has been said many times that the best time to sell a house is during the prime season which has typically been spring through summer. However, as we continue through the new year, the "prime selling season" might not be worth the wait.
As we settle in to the new year, let's look at a few factors that will have an influence on the housing market and help shape the industry over the next 12 months.