Denver home prices might be entering into a transition period where buyers will see more opportunity:
National Association of REALTORS®️ Report: Market Trends New Listings Stage a Comeback in June as Home Prices Hit a New High.
By: Jeff Bernard
Housing prices continue to rise; however, the construction of new homes is also on the rise. The market is beginning to change, which will result in a more balanced housing marketplace for both buyers and sellers. But this process will take time.
Looking back to February 2021, year-over-year inventory was down 30% from February 2020. And the supply of REALTORS®️ surpassed the supply of homes for sale in the US. Economists Sabrina Speianu and Danielle Hale reported in an article published at Realtor.com wrote:
“Nationally, the inventory of homes actively for sale in June decreased by 43.1% over the past year, a lower rate of decline compared to the 50.9% drop in May.“
Housing inventories began to fall after the housing market collapse in 2008 and hit an all-time low in ~May 2011. Nevertheless, there is hope on the horizon for home buyers as the inventory of new homes has increased in June 2021. The interruption of the supply chain will continue to cause delays for builders in the coming months, but the trend of home permits and construction is finally increasing. However, it will take several years for the housing market to reach market equilibrium.
Local Real Estate Professional Brings Home National Honor
Broker★Agent™ Advisor Honors Achievement
Denver, Colorado DATE 03/24/2021
Now in its 25th year, Broker★Agent™ Advisor celebrates the success and accomplishment of the industry’s finest real estate professionals through its exclusive ‘Certificate of Excellence’ Program.
Through proprietary criteria, formulas, and other valuable considerations, Jeff Bernard has been distinguished by Broker★Agent™ Advisor as one of the best in business based on achievement, potential, leadership, ethics, community value, experience, capability, and trust for their service during the calendar year of 2020.
“Jeff Bernard exemplifies the type of professional we designed this award for,” says Chad Golladay, Executive Publisher of Broker★Agent™ Advisor. “A true credit to their company, profession, and community both inside and outside of their real estate practice; one with whom the honor is truly ours in being able to share this award.”
There is no cost or fee required for this award, and all applicant’s credentials are verified, which makes this honor one of the most genuine in the industry towards identifying those truly worthy of special recognition and distinction.
Jeff Bernard can be found in Broker★Agent™ Advisor’s national online directory of award recipients here: https://www.brokeragentadvisor.com/brag-directory