Stats. Like A Summer Weather Forecast

Nykki Gallegos Market Trends

You know how things are for weathermen in the Denver area during the summer months? That’s right — the forecast is pretty much the same from one day to the next: Clear in the morning with a 20% chance of thunderstorms in the afternoon. Highs in the upper 80s. Skies clearing at night. It’s a bit of a broken record. …

Affordability Data Indicates a Healthy Real Estate Market

Nykki Gallegos Market Trends

Home prices have been rising rapidly in most of the United States over the last three years. Inevitably, this gives rise to fears that we are creating a new housing bubble. Aren’t we just creating the conditions for another real estate crash? It turns out that we actually have a way to measure the health of a real estate market. …

Looking Back & Forward (Review of 2014)

Nykki Gallegos Market Trends

We’ve rolled into a new year. Let’s take a quick look at how metro Denver real estate fared in 2014 and what the landscape is looking like for 2015. Review of 2014:  The inventory of homes on the market was at historically low levels in 2014. Right? That was the big story all year. When you hear that, however, it makes …

Denver Market: Keeping Pace with 2013?

Nykki Gallegos Market Trends

There are some truths that everyone knows: (1) You don’t tug on superman’s cape. (2) You don’t spit into the wind. (3) Denver real estate prices are moving up strongly due to the low inventory of homes on the market. By now, everyone except Rip Van Winkle has heard a lot of news about Truth #3. So we won’t dwell …

Denver Market for May 2014: Up, Down, Up, Down and Good

Nykki Gallegos Market Trends

The metro Denver real estate market is a story of ups and downs. Both the ups and the downs are good, for the most part.   What’s Up? Prices are up. The average price of single-family homes closed in May 2014 was $370,918 and the 12-month average (June 2013 to May 2014) was $341,464, an increase of 10.72% and 8.63% …