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Inventory Levels And The Real Estate Market

Mountain Living Real Estate Sign

Real estate, like most commodities, is a supply and demand market. Low supply and high demand create a tight market. High supply and low demand create a saturated market.

During a saturated market, there are an abundance of properties. That abundance gives buyers their pick of properties and makes sellers compete to get one of the few buyers out there. That competition drives prices down and the condition of the properties up as sellers search for an edge. Buyers have all the control resulting in the real estate term “Buyer’s Market.”

Tight markets have few properties to choose from and too many buyers for those few properties. That can create multiple offers on properties and bidding wars between buyers as they compete for the property. Tight markets drive home prices up, increase the number of cash offers and decrease the contingencies in contracts as the buyers try and get the sellers attention. Not every buyer can find a property to buy, however. They end up watching the market and waiting for another home to come along. Sellers have all the control in this market, thus the term “Seller’s Market.”

SOLD!Our market is definitely a Seller’s Market. Inventory is low and demand high. Prices have been pushed up over the summer and we have buyers waiting on the sidelines for a property. This time of year our inventory levels drop as many sellers or would-be sellers rent their properties for ski season or use them themselves and they wait until after ski season to put it up for sale. Our buyer demand goes down somewhat too because buyers are too busy skiing and enjoying winter in Summit County. They don’t bother with looking at real estate. This winter will be a little different. There are a lot of buyers out there that wanted a place last summer and couldn’t find one. They are still waiting for something to come along. New listings over the winter months will get more attention than normal from those buyers. That extra demand will continue to fuel the increasing pricing and properties will continue to be snatched up relatively quickly. When next summer arrives, the supply of buyers on the sidelines will be somewhat depleted and there will suddenly be more properties on the market for them.

Real Estate Inventory

If you are considering selling your Summit County home, this year is a little different than years past. You’d be wise to list ahead of the competition and grab one of those buyers that missed out last summer. If you’re a buyer, hang in there, something will come along eventually.

The market condition is like a pendulum. It is never still; always moving from one type of market to another. We’re currently almost as far as the pendulum can travel in one direction. At some point, it will start to swing the other direction again.

Contact The Mountain Living Team today and make the most of the current real estate market.

Posted in: Market Statistics Tagged: Inventory

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

View from Silverthorne

Professionally executed from start to finish

William from TX Mountain Living Real Estate November 25, 2020

Honest and realistic about pricing and negotiating. On the clients side for negotiations. Willing to go extra mile for anything we needed since we were out of state.

Kristin from VA Mountain Living Real Estate October 6, 2020

Thank you Jason and Meridith for all you did . We were very impressed from the start to the finish . Jason was very timely with his responses to any questions or concerns we had . His very calm and professional demeanor was most reassuring. The photos that Meridith took were professional grade . All Continue Reading

John from Idaho Springs, CO Mountain Living Real Estate October 2, 2020

Jason and Meredith exemplify what real estate agents should be.  We purchased two homes and sold one with them.  The attention to detail was outstanding.  It is rare in today’s world to find such a high level of customer service.   Jason and Meredith handle everything and go way above and beyond what other agents would do.  The online tools, calendar Continue Reading

Wendy from Pine, CO Mountain Living Real Estate September 14, 2020

La Riva del Lago

Thank you for going above and beyond to sell and help me close! You have been a great resource for us. We so appreciate it!

Sheila from KS Mountain Living Real Estate September 10, 2020

Most impressed with timeliness and response – working with us late in the evening. It was a pleasure. Appreciate the opportunity to work with you.

Kevin from Highlands Ranch Mountain Living Real Estate September 4, 2020

You did a wonderful job. You went up to the condo several times. Not only did you take pictures, but you set up the dining table, etc. for better showing. You came in for inspection follow up, etc. All much appreciated!! All the extra special touches and great communication from listing to closing meant a Continue Reading

Pat from Broomfield, CO Mountain Living Real Estate July 11, 2020

You went above and beyond our expectations to check out the Wetterhorn unit! You know what we like and saw the opportunity for us to purchase a unit we will enjoy!

Linda from Texas Mountain Living Real Estate June 30, 2020

Buffalo Ridge Condo

We were most impressed with the willingness to get the job done under difficult situations.

John from Manitou Springs, CO Mountain Living Real Estate April 13, 2020

January Sales get a Thumbs Up

Good communication and quick response. Knowledge of area and market. Pleasant attitude through it all.

Stacey from Texas Mountain Living Real Estate March 1, 2020

Contact Us


Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com
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