Tough Out There

This last week or so has proved to be a very tough market all of the sudden for those trying to buy a home in the Denver area. I lost a Boulder property that I was trying to acquire for myself at the last minute to another buyer, and the REALTOR® that was selling the home said that was the fourth time he had multiple bidders on a listing in as many days! I then had a buyer who was looking in Louisville and Superior for a nice single family home as part of their relocation to Colorado lose an offer to another buyer. They turned their attention to Broomfield only to find that there are multiple buyers interested in…and making offers on….properties in their price range out there too. Good news: things really seem to be moving. Bad news: things really seem to be moving!