Highlights There was a boost in inventory levels in January as sellers brought 3,414 fresh listings to the market, 17% more than last January and nearly twice as many as in December 2023. Buyer activity in January showed an uptick with 3,271 contracts executed on homes, 6% more than last year and 42% more than [...]
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 two years of the buyer pool shrinking at abnormal numbers. Standing Inventory [...]
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 has nearly reached pre-pandemic levels. Homes are staying on the market for a median of 24 days. Median home [...]
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 last year. Year to date, home sales in the Denver Metro area are down 19% from last year. [...]
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 homes increased only slightly, by 1% from last September. New listings went down by 5% from August [...]
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 12% from last year. The luxury market saw an increase of [...]
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. Compared to June, there was a 12% decrease in closings. The average price of a home [...]
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 down 26% from last year, but have been slowly rising since April. Current homeowners are unwilling to [...]
