Metro Denver’s housing market experienced a surge in new listings last month as sellers rushed the field ready to make a deal. But buyers, hobbled by a lack of affordability, increasingly stayed on the sidelines, causing closings to fall and the inventory to rise, according to a monthly update from the Denver Metro Association of Realtors.
Read MoreDespite a growing list of active inventory and motivated sellers across the seven-county Denver-metro area and statewide, buyers continue to stay away citing interest rates and pricing that has ignored the inventory increase and maintained its higher levels, according to the latest Market Trends Housing Report from the Colorado Association of Realtors (CAR) and analysis from the Association’s spokespersons across Colorado.
Read MoreThe median price of a single-family home in Westchester County, New York has topped $1 million for the first time.
It's not just a big-dollar benchmark for real estate in New York City's northern suburbs. It's the new normal.
Read MoreThe Denver metro area ranks as the hottest housing market in the country for a second year in a row, according to a recent analysis from U.S. News & World Report.
Read MoreInventory in the Denver metro region housing market is growing, and although that indicates slightly more choice for buyers in a tough market, demand is also softening, according to a recent real estate report.
Read MoreDuring the second quarter of 2023, New York City’s real estate market has been as volatile as our stock market. While the market for ultra-luxury apartments, both condo and co-op, has remained slow, the smaller units, which were having a run in April and much of May, have now sunk into the doldrums as well.
Read MoreA low inventory of homes for sale and high interest rates are creating a catch-22 in Connecticut’s real estate market: to push prices down would require more houses to go up for sale, but people don’t want to list their houses because prices are high, according to local real estate experts.
Read MorePrices are dropping in the metro. In July, the median sales price for a detached single-family home was $650,000, which is down from the June price. Prices have been rolling down since May after rising since January.
Read MoreMortgage holders are experiencing the "golden handcuffs" phenomenon. They might have a great rate now, but likely can't move without spending a lot more cash, explains Redfin chief economist Daryl Fairweather.
Read MoreNo doubt, that market has shrunk. Last month, just 450 homes — including houses, condos, duplexes and townhouses — closed in that price range. That’s down by 807 closings in May of 2022.
Read MoreDespite close to 7% mortgage rates, limited supply drove home prices higher again in May.
Last month, all properties sold in metro Denver had a median closed price of $595,000, up from $580,000 in April. May was the third month in a row to record price increases.
Read MoreBuying and selling a home in Denver is beginning to look much different in 2023 than it has over the past few years. The Mile High City was booming well before the pandemic as newcomers flocked here to be close to the mountains and enjoy the laid-back lifestyle in one of the best places to live in Colorado.
Read MoreIn the Denver metropolitan statistical area, though, even waning demand can’t alter the market much – not with the ultra-low supply the area is dealing with. In fact, despite the changes today’s higher mortgage rates have ushered in, Denver still ranks as the fourth-strongest housing market in the nation, according to the U.S. News Housing Market Index.
Read MoreThere's no doubt the Denver metro's housing market is cooling, as mortgage rates that more than doubled since January have dissuaded potential homebuyers.
Read MoreHigher mortgage rates continue to make it less enticing for potential buyers to look for a new home.
Denver-area home prices continue to drop month-to-month, though they are still higher than they were this time last year.
Read MoreColorado’s capital has transformed from a city in decline into a magnet for the affluent.
Statistically speaking, Denver’s economy is on fire. Unemployment has more than halved in the past year, GDP is expected to grow 73% faster in 2022 than the national figure and inflation — even more so than in the rest of the country — is on a tear.
Read MoreInventories of houses for sale in June were mostly up in Northern Colorado and the Boulder Valley, with median sales prices in June once again taking a dip from the year’s highs.
Read MoreMore houses hit the market in June than last year. Plus: The U.S. catches up with Denver’s inflation rate, a slowdown at the unemployment office and more!
Read MoreIn Connecticut’s collegiate New Haven, where the median asking price for a home rose significantly over the Stacker compiled a list of cities with the fastest-growing home prices in Connecticut using real estate data from Zillow.
Read MoreMetro Denver’s housing market is facing some major headwinds that will contribute to a larger than expected drop in home sales and slower than predicted price gains, according to a mid-year update from the Denver Metro Association of Realtors.
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