The real estate market is just, different. Prices are rising, but not as fast. Buyer activity is strong, but there just aren’t as many buyers. Inventory is steadily increasing, and marketing time for homes is down from the beginning of the year. The current market stability is a testament to the resilience of Colorado real estate. This resilience is due …
January real estate in Colorado played out as predicted, setting the stage for a busy spring and homeowner appreciation. As expected, sellers are demonstrating hesitation entering the market. With lots of equity in their home and low interest rates on current mortgages, sellers are more content than ever to stay put. Buyers are simply more motivated than sellers right now. More …
In this annual article, we are going to dive into the unprecedented last 3 years of Colorado real estate. Our goal is to help clients understand the market conditions today and provide clarity to 2023 real estate projections.
MAY 2022 METRO DENVER STATISTICS All comparisons made to May 2021 The past 10 years have been a wild ride in the real estate market. In February 2012, the average sales price in the Denver Market was $247,282, the average days on market was 85 days, and interest rates had dropped from 4.8% to 3.89% over the previous 12 months. …
APRIL 2022 METRO DENVER STATISTICS All comparisons made to April 2021 Interest rates are up, and buyer demand is still holding strong. Showings are one of the most significant indicators of buyer demand, and as of early this month, showings for the Denver Metro Area hit 468,002. It is fewer showings than the frenzy of April 2021, which hit 502,836 …
MARCH 2022 METRO DENVER STATISTICS All comparisons made to March 2021 A shift in market conditions is occurring. In early April, days on market hit an all-time low of 7.54 days, demonstrating a high level of buyer activity. Compared to the last two years, more homes listed this year have gone under contract. With these two facts, you would think this would make it …
FEBRUARY 2022 METRO DENVER STATISTICS All comparisons made to February 2021 The impact of rising mortgage rates is coming, and the monthly payment increase associated with the change will be felt mainly with buyers, putting into question their ability to purchase this year. In addition, iThe market needs more inventory and we are starting to see a small increase in …
JANUARY 2022 METRO DENVER STATISTICS All comparisons made to January 2021 The impact of rising mortgage rates is coming, and the monthly payment increase associated with the change will be felt mainly with buyers, putting into question their ability to purchase this year. In addition, if there are fewer qualified buyers, we will see an increase in inventory and less …
Over the last 14 weeks, buyer activity has settled into the “just above normal” range for the Denver market. With low inventory, this still means a large buyer pool is competing for fewer homes leading us into a fall and winter market that is most likely shaping up to remain busy and relatively fast for buyers and sellers.
The first 6 months of Denver real estate was nothing short of chaotic. The year over year average home sold price was up by as much as $150,000 and the number of people looking for homes blasted through previous records. Weekly home showings topped over 40,000 showings in a week, on a record low inventory of just 2,200 homes available …
Knowledge is power when it comes to making a decision in ANY real estate market. Did you know the average sold price of a detached single-family residence hit an all-time high of over $730K last week? One year ago, the average weekly sold price
was just north of $541K.
Whether you’re considering remodeling, refinancing, or you’re interested in capitalizing on interest rates and moving in this market, send me a DM and let’s explore what it would take for you!
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With the housing market moving as fast as it is and prices increasing over 25% in the last year, it’s understandable that you’d be hesitate to make any major decisions when it comes to real estate. However, there are many things to consider outside of home prices and inventory. Click to read how I’d advise my clients if asked if now is the “right time” to buy and/or sell. #realestate #coloradorealestate #realestatemarket