(Newswire.net — September 18, 2013) Denver, CO — Modern Real Estate brokerage owners Ryan Jonke and Paul Kenner say that the latest statistics indicating a local market that has found equilibrium is a good thing. “We are very glad to see the market reach a point of balance after such a long recovery process.”
Jonke cites statistics released on August 5th by Metrolist as reported by the Colorado Association of Realtors. Over 6,000 homes closed in July, which represents a 10 percent increase month-over-month and a 32 percent jump from the same period in 2012. This increase in sales was offset by a 9 percent increase in available properties listed for sale. “Keep in mind that 7 Percent fewer homes are on the market than at this time last year,” Ryan Jonke said. “You should be prepared to act fast if you see a great property listed for sale, because in a balanced market like this it may not last as long as you think.” The days-on-market statistics bear this out, seeing the average time it takes to sell a property drop 14 percent to hold steady at 37 days or less. This is good news for a Denver real estate market that was showing red-hot sales with a sluggish supply of new listings. The recent increase in interest rates has not hurt sales, and the rising housing prices have prompted sales both of which make it a great time to buy real estate.
Kenner, meanwhile, says that this is a great time for buyers, and also an ideal time to sell. “The demand for homes is not being met by supply, and the equilibrium in the market means that a seller has more room to negotiate than they have had in the past, when buyers were scares and values were dropping.” The Metrolist report statistics show that many sellers are taking his advice as buyers scramble for great new listings. “Buyers really need to be prepared to negotiate and take advantage of the increase of homes listed on the market. You are still able to get a great price for a great property.”
Paul Kenner says his agency seeks to help both buyers and sellers both get a great deal on the equal footing that the market is currently settled into. “We firmly believe that our buyers and sellers alike benefit from the services of our highly trained Realtors in a situation like this. With a mediated negotiation everybody can walk away from a sale happy in this market. In the past, with either stagnant prices or the recent increase in home values, either the buyer or the seller often felt like they were getting the worse end of the sale. With this market equilibrium, it is the ideal time for a win-win situation for buyers and sellers alike. Our Comparative Market Analysis is updated weekly, and we keep on top of inventories. It is an incredible time to do business for both parties right now.”
Modern Real Estate is among the leading full service real estate brokerages in the Denver area. For more information about Modern Real Estate you can visit their website at www.modernrealestatecolorado.com