Under Contract and/or SOLD Signs are popping up all over the place!I have been quite busy lately showing many different price range of buyers around both older and newer neighborhoods. The one significant, and exciting, change I have noticed in even the past three weeks is the number of Under Contract sign riders there are on Realtor's for sales signs. Homes are starting to sell again in the Denver market. Buyers are actually buying again; instead of just out looking like they were for most of this past winter.
With increased buyer interest (demand) will result in a reduction of the available inventory. Reduced inventory and increased demand will result in prices moving up on Denver homes. My guess is we will see prices firming up and start moving upward in the most desirable neighborhoods by June or July. Other neighborhoods will see price movement by the end of this year.
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