“It’s hard to buy in this market when you can’t compete with a cash offer or an appraisal gap (when an offer is higher than a home’s value). It is still a very competitive market,” Olmsted says. A couple of months ago, we were seeing 20+ offers on a home, and now we’re down to four to five offers on the same home. “ does not necessarily mean what most people think. Sales are still brisk even though, according to the most recent RE/MAX National Housing Report, Denver has one of the tightest markets in the U.S., based on available homes for sale. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market.Īngelica Olmsted, an agent with RE/MAX Professionals, says that while the housing market has “slowed down” in her hometown of Denver, Colorado, it’s actually not slow at all. RE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market.
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