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 [...]
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 [...]
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 [...]
The Denver 100 provides this Annual Real Estate Report as a service to our clientele and friends to give the current trends in the Denver residential real estate market and a resource to predict the future housing direction in our marketplace. In this post, you can find historical data from the 2021 Denver real estate [...]
YEAR TO DATE After a surge during the summer months, home prices began to level off in the later part of the year. Still, they are 17% higher than we saw at this point in 2020. Thanks in part to favorable interest rates buyers are not shying away from higher priced homes. Year to date [...]
YEAR TO DATE Throughout the year, buyers have scooped up listings quickly, in less than 2 weeks on average. Year to date, more than half of available listing were under contract with a prospective buyer in 4 days or less. Home prices began to level off over the last couple of months. Still, they are [...]
YEAR TO DATE The ongoing trend of strong buyer activity has pushed the count of Closed Listings to the highest year-to-date level we have on record, 6% higher than we saw at this point in 2020. The number of New Listings is down by 4% from last year’s year-to-date count. Home prices continue to see [...]
