CHRIS COOKE
STANDARD
W E AT H E R S T O N E
Broker
303.667.1964
CCooke5280@gmail.com www.HomesInWeatherstone.com
• OCTOBER 2020 REAL ESTATE MARKET REPORT •
RE/MAX Professionals 1745 Shea Center Drive, Suite 100 Highlands Ranch, CO 80126
HomesInWeatherstone.com
Each Office Independently Owned and Operated. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2020
Real Estate Records Shattered NOW IS THE TIME TO SELL!
The U.S. Median Home Price Jumped 8.5%, Breaking $300,000 for the First Time
NEW RECORD!
NEW RECORD!
NEW RECORD!
NEW RECORD!
22
NEW RECORD!
8.5%
2.88% Interest Rate
Months of Inventory
Days on Market
First-Time Buyers
$304,100, the first time breaking the $300,000 threshold.
The eighth drop in 2020 and the lowest in 5 decades.
Unsold inventory was 4.2 months in July 2019.
29 days in July 2019. 68% were sold in less than 30 days.
First-Time home buyers made up 32% a year ago.
Median Price Increase
3.1
34%
P R E PA R E D E S P E C I A L LY F O R “The housing market is well past the recovery phase and is now booming with higher home sales
Jim and Nancy Smith
compared to the pre-pandemic days. With the sizable shift in remote work, current homeowners are looking for larger homes, and this will lead to a secondary level of demand even into 2021.” —Lawrence Yun, Chief Economist, NAR Jim and Nancy, This is the perfect time to take advantage of improved market conditions and upgrade to your next dream home. Call me today to discuss the value of your home and your options at 303.667.1964.
P R E S E N T E D BY CHRIS COOKE
Your Weatherstone Real Estate Specialist