The Denver / Boulder Real Estate Market was still going strong in July! Interest rates are still incredibly low, and many people are taking advantage of these rates to become a first time homeowner or sell their current home and either upgrade or downsize, depending on their needs. As you’ll see below… homes are not staying on the market for very long, and property values just keep climbing! Even in Boulder, where the average single family home price is $830,000, the median days on market is only 15! With properties selling quickly and home values steadily increasing, buyers who choose to wait to purchase may find that the home they are considering today may be financially out of reach tomorrow, especially if interest rates take a turn upwards. Will interest rates go back up? Let me look into my crystal ball… 🙂 There is no way to know for sure, but at SOME point, it is logical to assume that interest rates will move upward. When will that be? Only time will tell. If you’re considering making a move, or would just like to see what your home value is now, contact us at TEAM SOBERING, and we’ll do a customized home evaluation based on the current market and any updates you’ve made to the property.
Meanwhile on the COVID 19 front, precautions are paramount, since open houses are now allowed with strict safety guidelines. At TEAM SOBERING, safety is our utmost concern – we always wear masks and gloves when entering a property, and we also provide gloves to our clients, which are disposed of after each home that is toured. Stay safe, everyone!
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