Think the Colorado winter season is not a good time to sell? Think again. Colorado is rapidly growing which leaves housing demands high and inventory low. This is not something new; all through 2014 we saw drastically low inventory. Although January through March is traditionally seen as the “quiet time” for real estate, we don’t see any reason for you to not sell your home during this time.
According to Anthony Rael, chairman of the Denver Metro Association of Realtors Market Trends Committee, “There is no sign this shortage of homes is going to change, at least for the foreseeable future. Many Denver Metro Association of Realtors members feel that low inventory levels may be the new normal, at least for the next 12 to 18 months.”
With low inventory and hungry buyers, sellers now have the upper hand in negotiations. However, that doesn’t mean buyers are willing to over pay for homes that are priced out of their worth. With that being said, home prices rose to record levels in December of 2014, and the trend could continue through the next few months.