Market Trends and Equity Improves!
By Dan Hopper, Colorado Broker / Referral Services
(Dan Hopper - Gold Way RE)
Westminster, CO - The market trends and equity levels are showing improvement through-out the country and in the Broomfield and Westminster areas! This is a very welcomed trend after so many years of negative growth in sales and home values! While we have seen sales grow by 14% in Single Family homes and 12% in Condos / townouses, we are seeing a negative element take place. YES, the home inventory is way down!!! As low as it has been in over 23 years!! Broomfield / Westminster Stats PDF This low inventory is NO DOUBT going to cause a problem for the Buying Market. Less inventory to view and MORE competition in winning a bid on what is available!! From the Sellers standpoint, they would have a great opportunity to capitalize on the low inventory and get their homes SOLD quicker t...
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