What Time of Year Do Prices Increase? by Norris Minick When people hear that house prices are going up 12% a year, most assume that they are going up about 1% a month over the entire year. As we’ve told our clients for years, however, that’s not how it works. In market where prices are surging, nearly all the price increase for a given year occurs between the months of January and June. So, when we have a 10% price increase, a house that sold for $500,000 house in January will tend to sell for $550,000 by the end of June.
A4HB Homebuyer's Blog
Meth Testing as Part of Your Inspection by Norris Minick After attending a 5-hour house inspection in a wonderful house he had under contract in Arvada this summer, our client walked out with a headache and some nausea. He went home, laid down, and slept for 3 hours. Worried that maybe that had something to do with the house, he called the inspector the next morning. The inspector reported the same set of symptoms. Later that afternoon, we got the lab results from our meth screening samples from the house. The meth levels in the house were from 100 to
The Market in 2018…and 2019? by Norris Minick The Denver Post has published several articles this fall suggesting that the housing market in the Denver metro area is slowing…and that we may be returning to a more balanced market than we’ve seen since 2013. Since the market always slows in the fall, we’re always skeptical of these articles, but it does seem to have slowed a bit more this fall than normal. And the Post cites some interesting data, noting that closings on residential properties dropped 20% from August 2017 to August 2018, while the number of homes on the