The spring market is in full bloom, but a lack of inventory continues to suppress the number of transactions. In other words, at most price points and locations, there are more buyers than there arehomes for them to buy.
That said, there are signs that the market will follow the pattern we’ve seen the past two years: the spring frenzy cools down a bit as we move into summer, giving buyers more time and more choices.
The volume of real estate sold across all Front Range markets in April decreased 0.4% compared to April 2015, and was up 11.3% on a month-over-month basis. The inventory of homes for sale remains severely limited at 1.6 months, slightly ahead of last month’s all-time low.
In Colorado Springs, sales volume increased 18.5% on a year-over-year basis in April, and was up 12% on a month-over-month basis. The supply of available homes
in the Springs area remained steady at 1.6 months.
In a market that is moving so quickly, it might seem a bit daunting to enter the fray as a potential home buyer or seller. That’s understandable. At 8z, we fearlessly help our clients enter this market and achieve successful outcomes. This is based on our Clients First approach and what we call the “Three C’s”: Clarity, Control and Confidence.
It is critical in this market to have a clear plan of action. As an 8z Realtor, I provide my clients with a proven process for both buying and selling that breaks the entire transaction down into a manageable series of steps and attainable milestones. I ensure my clients have all the information necessary to form a clear view of the market. Working together as a team, they know what we’re doing, why we’re doing it, and what to expect next. This is what clarity is all about.
Having a proven process that delivers clarity is important, but every situation and client is unique. Ultimately, only the client can decide what’s best for them and their life. In today’s heated market environment, my clients sometimes have to make decisions quickly, but they are always in control. I provide the process, tools and guidance; they make the decisions.
This market may be a bit tricky, but it offers rewards for buyers and sellers – financial as well as enhancing one’s quality of life. Home buyers and sellers need a determined professional with the expertise to get them from start to finish. Each and every day, 8z clients achieve their real estate goals, whether it’s the successful sale of a property or the purchase of a first home. We make sure our clients have confidence going into the process, and that at the end, they have confidence in their realtor, the process and the outcome.
The Triple Play of Clarity, Control and Confidence embodies 8z’s client-centric approach to real estate. They are part of what makes 8z different. If you would like to hear more about how they might apply to your situation, please give me a call or shoot me an email.