Months of inventory (inventory or listings divided by sales), also known as the "absorption rate", is used to determine if its a buyer's market (typically more than 5 or 6 months of inventory) or a seller's market (less than 5 or 6 months).
It's generally a buyer's market today, though not everywhere in Boulder and Broomfield Counties and not in all price ranges, so you have to check the segment that applies to your home.
Because of that competition it's a "beauty contest" out there and the home has to be presented (as a product or commodity) to the market in it's very best light.
Also, becasue of low interest rates, buyers are going to prefer having those desirable upgrades (think new kitchens and baths) included in the price of the home rather than making the improvements after they buy with non-mortgage funds.
For a detailed and frank analysis of yoru situation call Dagmar at 720-352-8285.
It's generally a buyer's market today, though not everywhere in Boulder and Broomfield Counties and not in all price ranges, so you have to check the segment that applies to your home.
Because of that competition it's a "beauty contest" out there and the home has to be presented (as a product or commodity) to the market in it's very best light.
Also, becasue of low interest rates, buyers are going to prefer having those desirable upgrades (think new kitchens and baths) included in the price of the home rather than making the improvements after they buy with non-mortgage funds.
For a detailed and frank analysis of yoru situation call Dagmar at 720-352-8285.
