Originally posted on my Denver Real Estate Blog at: Highlands Ranch Real Estate Market Statistics March 2011
I’m seeing a lot of red and I’m not angry, I’m happy! Highlands Ranch homes, at least for March, is a seller’s market for the most part. I know, I know, the inventory is just down in general. True. But for the available inventory out there for the current market, the statistics look promising for sellers and actually good for buyers.
There are plenty of reasons in the current economy to remain negative and find reasons to see things pretty skeptically. But, if the Highlands Ranch real estate market interests you, then March should be pretty pleasing. Values remain stable and seeing all that red indicates the level of interest in our market. Sellers have an advantage for the most part, but that is good for all.
Sellers need to remain competitive and not feel an overinflated sense of the upper hand. Remember, an over priced home in any market is just that, an over priced home. The economy isn’t so rosy that buyers will overpay for any home. But sellers priced fair should realize they don’t need to give in to the “buyer’s market” mentality and be confident that the demand for Highlands Ranch homes is good.
Buyers need to consider acting on a home purchase instead waiting until prices further decline or more inventory hits the market. I don’t want to speculate about either one of those scenarios, but lately interest rates have begun to rise a bit and I will say that it usually takes a large price reduction to match the extra cost in a fairly small interest rate increase! Looking at the Highlands Ranch market data for March, the large price reductions don’t look too encouraging at this time, but rates rising do.
If you’re a Highlands Ranch seller, statistics are encouraging. If you are looking to buy in Highlands Ranch, statistics are also encouraging that you are looking in an in demand area. If you’re looking to buy or sell in Highlands Ranch, I live and work here and would love to help you as well.