denver homebuyers seeing more choices on market at start of 2024

denver homebuyers seeing more choices on market at start of 2024

The number of homes on the market typically dips during the end of the year and starts to rebound in January ahead of peak spring season. This year, the housing market is showing signs of more optimism as sellers listed more homes than at the same time last year.

Read More

CT house prices rose 10% in a year. will they ever drop?

CT house prices rose 10% in a year. will they ever drop?

Connecticut saw the fourth-highest rate of house price increases in the country since the third quarter of last year, a lasting impact from dwindling inventory that real estate agents say is unlikely to change in the near future.

Read More

denver's new builds can't meet housing demand

denver's new builds can't meet housing demand

New Denver homes are popping up and selling quickly, but supply still can't match demand.

Why it matters: As U.S. mortgage rates hit a 20-year high, golden handcuffs are locking up Denver's housing inventory, and that's fueling buyers' appetite for new builds, according to real estate experts.

Read More

cash buyers in fairfield squeeze an already-tight housing market

cash buyers in fairfield squeeze an already-tight housing market

High prices are slowly starting to decline, but a low inventory and steep home mortgage costs already put homeownership out of reach for many buyers, the analysis found. What’s also contributing to the difficulty is an 8 percent increase in the number of people who pay cash, according to the analysis.

Read More

metro denver’s housing market starting second half of year on a cold note

metro denver’s housing market starting second half of year on a cold note

Big shifts are increasingly favoring buyers over sellers

A big chill continued to descend on metro Denver’s housing market last month as home sales fell sharply and the number of listings continued to soar, according to a monthly update from the Denver Metro Association of Realtors.

Read More

the housing market is slowing down. there’s some hope for buyers.

the housing market is slowing down. there’s some hope for buyers.

Nationally, supply has increased, too, leading to more options for potential buyers. Active home listings have increased on a year-over-year basis for the fifth week in a row, according to Realtor.com data released today. And for the first time in seven weeks, median listing price growth slowed—though it remained well above the historic norm.

Read More

'there's opportunity': denver housing prices dropped last month

'there's opportunity': denver housing prices dropped last month

For what feels like the first time in a long time, the housing market is shifting, and this time in the direction of the buyer.

A report by the Denver Metro Association of Realtors (DMAR) shows the median closing price for a home fell at the end of May compared to April.

Read More

denver housing market remains hot for potential sellers, experts say

denver housing market remains hot for potential sellers, experts say

Denver’s red hot housing market continues to generate record sale prices.

A new report from OJO Labs lists Denver as the second most competitive housing market out of the nation’s 50 largest metro areas. Denver saw seven in 10 homes sell for above list price in April, second only to the San Francisco Bay area.

Read More

prices increase 9%, inventory remains historically low in hot denver housing market

prices increase 9%, inventory remains historically low in hot denver housing market

According to the Denver Metro Association of Realtors (DMAR), the average home is staying on the market for just four days. The month of March saw appreciation at a staggering 9 percent, and the average purchase price is now $705,000.

Read More

home prices skyrocketed again in Denver and Colorado Springs in February, but people kept buying them anyway

home prices skyrocketed again in Denver and Colorado Springs in February, but people kept buying them anyway

Home prices reaching new record highs in Colorado’s two largest real estate markets is not new in the least. The last couple of years, not only are records set in the busy summer months; they’re being set in the dead of winter, when home sales typically slow.

Read More