Anda Pilmanis - Realtor

March statistics show LOTs more active listings compared to March 2024, however buyers are looking but not committing.

Attached homes - townhomes, condos - are sitting on the market for longer - probably due to insurability issues. Buyers and Sellers have to be aware that many insurers no longer offer HO6 insurance policies which is a problem if you're buying with a mortgage.

Interest rates are certainly affecting the metro Denver housing market as can be seen from October's SMDRA stats. Buyers have a longer time to get to see a home and make an offer and homes are definitely staying on the market for longer as can be seen from 10 weeks of inventory.

It's an incredibly different market than 18-24 months ago. Buyer's are a lot more picky about the home they purchase and sellers are now offering interest buy downs, assumable loans and closing cost credits to get homes sold.

Let me know if you would like to buy or sell a home so I can help you make sure you get the to hear about different options that are available to get it under contract and closed.