colorado realtors hope interest rate cut jumpstarts lackluster market

colorado realtors hope interest rate cut jumpstarts lackluster market

According to the August Market Trends Housing Report from the Colorado Association of Realtors, with more than 27,000 active listings statewide, and more than half of them sitting in the seven-county Denver metro region, potential buyers had 21% more inventory to choose from last month than they did a year ago.

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statewide housing inventory grew in august

statewide housing inventory grew in august

Despite 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.

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colorado realtor says the fed's interest rate cut "signals a good time to make big purchases, especially homes"

colorado realtor says the fed's interest rate cut "signals a good time to make big purchases, especially homes"

A Colorado real estate broker says Wednesday's announcement by the Federal Reserve that they are lowering the interest rate by .5 percentage points was somewhat expected and that he was somewhat ready for it.

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denver’s slow summer real estate season limps to close despite inventory jump

denver’s slow summer real estate season limps to close despite inventory jump

The Denver metro’s sluggish summer selling season continued in August.

Despite active listings climbing 56 percent over August 2023, closed sales dropped last month, according to the August monthly real estate trends report from the Denver Metro Association of Realtors.

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denver housing market: prices, trends, predictions 2024

denver housing market: prices, trends, predictions 2024

Nicknamed the “Mile High City” for its elevation, Denver's housing market has reached new heights as well. Once known for affordability, Denver now boasts a competitive market with rising prices. This surge is fueled by a booming job market and a limited housing inventory.

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coloradans negotiating lower fees for real estate agents with new law on horizon

coloradans negotiating lower fees for real estate agents with new law on horizon

It’s been two months since the National Association of Realtors reached a settlement that some predict will upend the way homes have been bought and sold for decades across the U.S. It’s having ripple effects in Colorado as the housing market heads into the busiest time of year.

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denver housing market 2024

denver housing market 2024

The Denver housing market is one of Colorado’s most active as the state capital is home to many employers and is one of the Mountain West’s largest cities.

People also have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains.

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hot properties: russell wilson’s cherry hills mansion and 4 more listings heating up the market this month

hot properties: russell wilson’s cherry hills mansion and 4 more listings heating up the market this month

According to the Denver Metro Association of Realtors (DMAR), our city’s luxury real estate landscape saw a major shift in February. Sellers stepped up with 689 new home listings in February, representing a massive 59 percent increase from January. For context, this is far above the 13 percent national average, and marks the most significant jump in Denver in nearly three years.

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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.

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denver has a new venue for sick views: a new floor at the colorado convention center

denver has a new venue for sick views: a new floor at the colorado convention center

A very tall and very long escalator just opened in the Colorado Convention Center, stretching above its usual expo halls to a brand new floor. Officials and downtown boosters ascended the moving staircase on Thursday, to christen the building’s brand new Bluebird Ballroom. It’s surrounded by floor-to-ceiling windows, plus a long patio on one side, that offer panoramic views of the mountains.

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the current state of colorado's real estate market

the current state of colorado's real estate market

The largest single factor continuing to impact Colorado’s housing market is the upward trend in interest rates, percentage points that have not been seen in for decades.

Colorado’s statewide housing sales report for September showed higher mortgage interest rates are complicating what is traditionally a slower buying and selling season, not only in the Denver metro area, but across the state, according to the Colorado Association of Realtors report.

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