Want to know what the market looked like in March? Read on to learn more! Highlights In March, buyers continued to enter the market as 4,343 contracts were executed on homes. This is 8% more than last year and 33% more than last month. Homes spent a median of 12 days on the market before [...]
You may be asking, how is the market in Denver? Continue reading for more information! Highlights The Denver Metro housing market is showing signs of an early start to the buying and selling season as household express optimism that mortgage rates could decrease. Inventory levels in February were 25% higher than last year and 176% [...]
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 [...]
