Blog >September Market Insights

September Market Insights

bySultan Newman GroupOctober 05, 2018

Market Insights for Fall 2018

Housing inventory increases to the highest level in four years giving homebuyers more selection and signaling increased days on market and a slowdown in the rate of price growth.

Is this the time to sit on the sidelines waiting for the market to turn?

With interest rates expected to go to 5.1 percent in 2019 and forecasted appreciation softening but continuing to remain strong at 5.6 percent year over year in Denver, the cost of waiting is significant.

Don’t fall into the trap of rumors about the Denver Real Estate market. Contact one of us at the Sultan Newman Group team directly and I will help guide you through the buying or selling process.

A $425,000 home today will cost an estimated $23,800 more in purchase price in one year and $286 more a month in your mortgage payment – that’s a 13 percent increase or cost for waiting a year.

With that being said, don’t wait to purchase until next year. The time to buy is now. Contact one of us at the Sultan Newman Group directly to get the buying process start. We have an excellent team backing one another that will make sure home buying is as seamless as possible.

Quick Stats:

DMAR Market Insights

If you have any real estate questions or needs please feel free to reach out to our Director of Operations at [email protected] and she will get you in touch with one of us.

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