This month in Denver Real Estate - April 2015

Press play for a quick video summarizing the Denver real estate statistics for the month of April 2015.

How to Buy a Home and Compete in Denver's Hot Real Estate Market

Now almost midway through 2015, Denver has been experiencing a historic seller's market for most of the year thus far with no end in sight. Why? Low inventory caused by lack of new home production throughout the recession in 2008-2009, and increased buyer demand for housing in Denver. The recession was known as the Great Recession because it was the USA's worst economic breakdown since the Great Depression in 1929. Thanks to economic stimulus spending, the recession ended in the third quarter of 2009 when the nation's GDP turned positive.
It has taken some time but Americans are once again turning to the real estate market to buy and sell their investments. Denver homeowners have seen a significant rise in home values over the past few years. In fact, March was the 39th straight month of year-over-year price gains in the Denver area. Denver's real estate market has been leading the nation for some time now. What does all this mean? Sellers are sweet and buyers are beat. Homes are selling FAST! Buyers are running around like chickens with their heads cut off while throwing their checkbooks at every house for sale desperately hoping a seller will "pick us". Buyers are becoming so desperate that we're seeing people paying 10-30 thousand dollars above appraised value! The demand for housing in Denver has reached new levels of OMG!
So what can you "A Buyer" do in today's market do to avoid this madness and get yourself into a home for a good price, while keeping your sanity and your dignity?