Are we returning to a more normal real estate schedule? Last year, nothing was normal. Like everyone else, we were completely shut down for a few weeks. When things started going again they didn't slow down, not even very much in July and during the holidays.
This summer we're seeing the typical slump in showing activity while people head out on vacation, excited to be out in the world again. We are still low on inventory, and properties under $600,000 are still moving quickly.
Broomfield Heights 1st Filing saw 15 houses close in the second quarter, keeping pace with last year and exceeding the three years prior.
The median $/sqft foot dropped slightly, but I'm not very concerned about that being a trend. That number moves from month to month depending on what is on the market. Also, I noticed more houses than usual in the neighborhood were sold off-market, at least one to a family member at a steep discount. Houses that don't make it to the MLS generally sell for less than they would have had they been given adequate market exposure and had a real estate expert negotiating and advocating for the seller's needs. If you'd like a Comparative Market Analysis of your home, contact me anytime, no obligation!
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