Although everyone is calling it a buyer’s market, is this really the best time for you to buy? A report from the front lines of Denver’s housing market.
The real estate agents are calling it a buyer’s market. The newspapers say prices are flattening out and homes are taking longer to sell, leaving buyers with many more options. Sounds good to me. I’m a buyer, we’ve got some money to spend, and we definitely need a bigger place. Plus, my boyfriend and I just got engaged, so it would seem like the perfect time to go house hunting.
With the huge supply of houses I keep hearing about (nearly 25,000 homes for sale in March, according to Metrolist, a co-op of Denver real estate agents that compiles areawide housing statistics), I figure I should be in the driver’s seat for this house hunt. As it turns out, I’m in the passenger seat as various agents shuttle me around town. And while these guys have nice cars with really comfy leather seats, from where I’m sitting the view ain’t pretty.
Despite the low interest rates, a surplus of houses on the market, and a city chock-full of charming neighborhoods, house hunting in Denver has become an exercise in the absurd. Walking through more than a few of the city’s many overpriced homes is enough to make you wonder if it’s really such a good time to buy after all.