Highlights -October brought continued cooling for the Denver Metro housing market as both buyers and sellers were less active. As a result, we saw double-digit decreases in both closed and pending listings when compared to last year. These metrics also saw month-over-month declines as we moved into the fall months. -The luxury market, defined as [...]
Highlights -The housing market continued to slow in September. The number of new listings, contracts written, and closings all fell month over month and saw double-digit declines from September 2021. -The number of listings pending sale in September was 25% lower than last year and 17% lower than last month indicating the coming months could [...]
Highlights Affordability continues to be an obstacle for prospective home buyers in the Denver Metro area. Although we’ve seen prices cool since their peak in April 2022, the median closed price for a Denver Metro home is still 34% higher than we saw in February 2020 or pre-pandemic. The metric for standing inventory is indicating [...]
Highlights July metrics show a market that has shifted. Demand has dipped due to high prices and rising interest rates. As a result, prices have stabilized, and homes are staying on the market a bit longer. Colorado’s economy is strong, home prices remain high, and inventory levels remain constrained keeping sellers in a great position. [...]
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 [...]
Congratulations to The Roze Team for being Licensed for 30 years now!
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 [...]
