Despite the poor mark, experts predict a Denver housing market rebound soon

Like many other school-aged children, the Denver real estate market recently got its report card, and the news isn’t good. While not a failing grade, the grade also was below the acceptable passing C. 

Before the panic sets in (as it often does when you see your child’s Algebra grade), it is important to put all of this in perspective, since there is a silver lining. The report, appearing in the Rocky Mountain News this week, states that analysts do expect the market to rebound after it hits the bottom this year. This is the main reason that the Denver real estate market didn’t receive a lower grade yet,” which might have been warranted in light of the Denver housing market’s soaring number of foreclosures, lackluster new home sales, slowing traffic at new home sales sites, and a significant drop in the sales of existing homes from last year.

What does all of this mean to the prospective Denver homebuyer? As we’ve said for several months, there is no better time than the present to purchase your dream home! You don’t want to be navigating through an “A” or even a “B” real estate market, since buyers’ negotiating power and selection gradually drift away as the market improves.  

For more information on the state of the ever-changing Denver real estate market, please contact TeamCox Realtors at 303-400-6060.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.