Join us as we look at the real estate market from 2023 and go over projections for 2024! 2023 Annual Review Sold Homes This was a continued reduction in the number of homes sold as 2021 experienced sales of 62,047 creating … [Read more...]
So, How’s the Market? | November 2023
Highlights: Buyer activity continued to see a seasonal decrease as we enter the winter months. Closings were down 9% from last year. Economists predict an increase in activity as mortgage rates normalize below 7%. Standing inventory … [Read more...]
So, How’s the Market? | October 2023
Highlights: High mortgage rates and elevated home prices continue to impact the Denver metro housing market. The median price of a home increased by 2%, $580,000 total. There were 6% fewer closings this October when compared to … [Read more...]
So, How’s The Market | September 2023
Highlights September brought a seasonal slowdown in sales of homes in the Denver Metro Area. Closings were down 17% from last month and down 22% from September 2022. Prices remained stable from August to September. The price of … [Read more...]
So, How’s The Market | August 2023
Highlights: For the second month in a row, median home prices dipped in the Denver metro area. Even with this, homes closed at 98% of the asking price. The number of homes closing was up from July to August, but this is still down … [Read more...]
So, How’s The Market? | July 2023
Highlights: The housing market in the Denver metro area stayed constrained in July. When compared to last year, closing were down by 14%. In July, there are typically fewer closings due to summer vacations and the July 4th holiday. … [Read more...]
So How’s the Market? – June 2023
Highlights: In June, the Denver Metro Area housing market experienced declines. This month there were 4,266 home listings closed, which is 20% less than this time last year and 1% less than last month. Fresh listings have been … [Read more...]
So How’s The Market? – May 2023
Highlights May 2023 Closings for May 2023 was the highest level since September 2022. This is a good trend, however, we would suggest a weakening a bit of the sold data per month moving through the summertime. The pending … [Read more...]
So How’s The Market? – April 2023
Highlights April 2023 Inventory levels were held in check in April as homeowners choose to stay in place in lieu of listing their homes for sale. The number of fresh home listings to hit the market was 29% lower than we saw this … [Read more...]
So How’s The Market? – March 2023
Highlights March 2023 The home buying and selling season is underway. REcolorado data shows increases in both fresh listings of homes for sale and closings. Meanwhile, homes were on the market for 16 fewer days compared to last … [Read more...]