It's that time of the month again! Take a look at the Denver Metro Area market statistics. Highlights Motivated Buyers: Lower interest rates and a drop in home prices have inspired buyers to re-enter the Denver Metro housing market. According to REcolorado’s September data, 3,805 home contracts were executed, marking a 28% increase from [...]
It's that time of the month again! Take a look at the Denver Metro Area market statistics. Highlights In May, seller's added 6,779 new listings to the market, 28% more than last May and 11% more than last month. This is the fifth month in a row of increasing listings. Buyers executed 4,221 contracts [...]
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 [...]
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 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: 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 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 contracts for June 15, 2023 was lower by 400 units against May 15, 2023. This predictor [...]
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 time last year. Year to date, the number of new Denver Metro [...]
