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: High mortgage rates and elevated home prices continue to impact the Denver metro housing market. The median price of a home increased by 2%, $580,000 total. There were 6% fewer closings this October when compared to last year. Year to date, home sales in the Denver Metro area are down 19% from last year. [...]
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 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 [...]
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 2022 Denver real estate [...]
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 [...]
https://youtube.com/shorts/iWWQmluJckw?feature=share How do you grow your business? An 8 week series on tip and tricks to increase your level of business! Week 7: Anticipate Market Changes Does your current company offer monthly market trends reports? Do they help you understand how this data represents todays market and where the market is going? The Denver [...]
