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 [...]
Highlights -REcolorado data for November shows a housing market that is experiencing seasonal cooling as consumers prepare for the holidays. Demand for homes is lower than last year, as indicated by year-over-year decreases in closings and homes going under contract. -Standing inventory, which is measured by the number of Active listings at the close [...]
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 [...]
We are most certainly in a shifting marketplace. Here’s some items to note. Let’s start with the inventory. Inventory is up 188% since February 16, 2022. We are now at 3228 total units as of May 16, 2022. The number of new listings in April 2022 compared to April 2021 is up 5% year over [...]
WANTED: Sellers Willing to Sell Fast & At Top-Dollar! Inventory for December 2020 decreased 50.56% over December 2019 from 6582 units in 2019 to 3259 units in 2020. The lack of inventory will continue to drive homes sold and appreciation for the first 6 months of 2021. The number of homes closed in November 2019 was [...]
As of March 25th, 2020, the Denver Metro Association of Realtors has announced that real estate has been deemed an essential service in Adams, Arapahoe, Douglas and Jefferson counties. While the Colorado order expires on April 11th - the stay-at-home order for Adams, Arapahoe, Douglas and Jefferson counties will last until April 17th. What This Means: [...]
2019 Real Estate Update for December Average Price of both Single-Family homes and Condominium Homes Year over Year in November was $477,265 vs. $462,366 in 2018, a 3.2% appreciation increase. We are starting to see prices flattening as there was a meteoric rise of prices from 2013 through 2018 which is somewhat unsustainable after the [...]
Here's what you need to know about Denver Real Estate!
