So, how is the market you may ask... We have the answer! Check out these statistics from the April 2024 Denver Metro Area Housing Market! Highlights April saw a significant jump in new listings, with over 6,095 new listings hitting the market. This is 26% increase in listings from last year at this time. This [...]
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 January 2022 Home prices remained strong, reflecting double-digit year-over-year gains thanks to strong buyer demand and inventory levels that remain at record low levels. The number of listings that closed in January was down 9% from January 2021 and lower than we’ve seen in January in since 2015. Buyer activity picked up during the [...]
What Effect Has the Virus Had On Denver Real Estate? Average Price of both Single Family homes and Attached homes Year over Year in March has increased to $484,075, a 5.4% increase over March of 2019Inventory as of the start of April 2020 increased by 3.4% year over year. The number of homes closed in [...]
Will the Real Estate Market Change due to Virus Concerns? Average Price of both Single Family homes and Attached homes Year over Year in February has increased to $478,267 an 4.9% increase. Inventory as of the start of March 2020 decreased by 22.9% year over year. When supply goes down prices go……. And the market [...]
2018 Real Estate in Denver. Normalizing to Equalization. All data taken from ReColorado, on December 15, 2018. Denver, Colorado. Average Price of both Single-Family homes and Condominium Homes Year over Year To Date was $464,950 vs. $427,886 in 2017. We are starting see prices flattening as there was a rise of 6.4% increase year over [...]
Is The Denver’s Real Estate Market Turning to Normality? All data taken from ReColorado, on November 16, 2018. Denver, Colorado. Average Price of Detached homes and Attached Homes over Year in October was $462,402. We are starting see prices flattening as the appreciation for last 12 months is 6.4%. A normal market would see 3%. [...]
This is a GREAT article on where the market is going. Here is a perfect explanation from the National Association of Realtors. Contact your local Denver 100 agent for more information. The Makings of a Buyer’s Market Why rising interest rates won’t necessarily slow home purchases. Buyers are pulling back. Home prices have [...]
