The 2024 Colorado Real Estate Market

Matt Hudson, CEO denver-housing-market, Market Trends

As we navigate the landscape of Colorado real estate, a common thread of questions weaves through the minds of homeowners and prospective buyers. What will the future hold for my property’s value? How will fluctuations in interest rates impact the market? Is the present moment opportune for buying or selling?

Lending Tool To Enhance Real Estate Success

Matt Hudson, CEO Market Trends

Using a lending product like a 2-1 temporary buydown is a great strategy that gives sellers an edge in making their homes more attractive to buyers by softening the payment shock buyers experience as rates have risen quickly. In this article we briefly explain current real estate market conditions, how they impact buyers and sellers, and how consumers have been …

What is the Health of Colorado Real Estate?

Matt Hudson, CEO Market Trends

Over the last 23 years, Colorado real estate has weathered the storms of the original tech bubble, The Great Recession caused by a housing crash and bad lending practices, ten years of robust recovery and wealth building, and the ups and downs of the last three years of the various covid policies, both good and bad.   Through it all, the …

Colorado Real Estate – The First Half of 2023

Matt Hudson, CEO Market Trends

Many people experienced the first half of 2023 Colorado real estate holding their breath. What was going to happen to interest rates? Was the economy going to stall? Would real estate crash? Was it going to be another roller coaster like 2022? The good news is all of our predictions played out exactly as anticipated. Not because we are really good “guessers.” Rather, …

The Rebound of Real Estate Market Behavior

Matt Hudson, CEO Market Trends

Let’s look back a year.   2022 saw a meteoric rise in home values in the first four months of the year, driven by incredibly low interest rates in the 3% range for a 30-year fixed mortgage and the lowest inventory on record in Colorado.   The average price per square foot for a single-family home in the Denver metro area jumped …

Real estate values. Will they hold? Should I buy, sell or invest in this real market?

Matt Hudson, CEO Market Trends

Many have been waiting for a crash.  Some have been saying, “I’ll buy when prices and interest rates come down.” Well, rates may come down some over the next couple of months, but prices are most likely to continue their rise.   And, if interest rates do come down, prices will further accelerate beyond the current trend.   Nationally, it was a …

Is Colorado Real Estate “Safe?”

Matt Hudson, CEO Market Trends

You are reading a real estate article. You want to know two things:   These are valuable questions, and we do answer them below.   And yet it’s important to remember that over the last few years we got so caught up in appreciation rates and speed of the market that we forgot something. We forgot that real estate isn’t just a marketplace that …

The New Real Estate Market

Matt Hudson, CEO Market Trends

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 …

A Busy Spring and Homeowner Appreciation Ahead

Matt Hudson, CEO Market Trends

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 …

Colorado Real Estate in 2023

Matt Hudson, CEO Market Trends

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 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

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 DENVER MARKET STATS

Matt Hudson, CEO denver-housing-market, Market Trends, metro-denver

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 …