Highlights June metrics point to a significant shift in the market after policymakers approved the biggest interest rate hike in 28 years. Affordability became a significant consideration as the prospective monthly payment on a typical new mortgage increased. After a slight decrease in May, home prices leveled off in June. The median closed price for [...]
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Highlights This month, sellers brought new inventory to the market to take advantage of high home prices. The market remains active as buyers continue writing contracts and closing on homes. Both the number of listings that moved to Pending and the number of listings that Closed increased from last month. The market [...]
We are most certainly in a shifting marketplace. Here’s some items to note. Let’s start with the inventory. Inventory is up 188% since February 16, 2022. We are now at 3228 total units as of May 16, 2022. The number of new listings in April 2022 compared to April 2021 is up 5% year over [...]
Highlights February 2022 The buyer’s market the Denver Metro area experienced in 2021 is continuing into 2022. Homes are flying off the market in just a few days and prices are continuing to increase. The median price of a home sold in February is 22% higher than last February. Sales of homes priced from $600-800,000 [...]
Highlights January 2022 Home prices remained strong, reflecting double-digit year-over-year gains thanks to strong buyer demand and inventory levels that remain at record low levels. The number of listings that closed in January was down 9% from January 2021 and lower than we’ve seen in January in since 2015. Buyer activity picked up during the [...]
The Denver 100 provides this Annual Real Estate Report as a service to our clientele and friends to give the current trends in the Denver residential real estate market and a resource to predict the future housing direction in our marketplace. In this post, you can find historical data from the 2021 Denver real estate [...]
