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.

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denver’s median home price climbed nearly 15% to $659,000 from january to february. why is this happening?

denver’s median home price climbed nearly 15% to $659,000 from january to february. why is this happening?

“A house is still worth what somebody is willing to pay for it,” Rhead said. “And because of the lack of inventory, because of the number of buyers out there and the qualifications of those buyers, it’s just going to continue to raise the market value.”

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here's where denver ranks among 2022's forecasted hottest housing markets

here's where denver ranks among 2022's forecasted hottest housing markets

Despite a serious lack of inventory and a blistering sales pace, Denver doesn't rank anywhere close to the top of a recent Realtor.com forecast of the hottest real estate markets of 2022.

The Denver metro comes in at number 48 out of the nation's top 100 metros in terms of the predicted change in price and number of sales for next year – that's an 11% total increase, 6% for number of sales and 5% for home prices.

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hot homes: 5 denver houses under $1 million

hot homes: 5 denver houses under $1 million

The Denver metro's October home sales and active listings fell, with the market's temperature dropping, according to the most recent Denver Metro Real Estate Market Trends Report.

Yes, but: The number of closings doesn't mean a collection of unsold homes sat idly on the market. The 3,376 homes and condos worth of inventory at the end of last month represents a 15% decline from September. Here are five homes on the market priced under $1 million.

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showingtime data reveals seattle and denver are the nation's most active markets, while only the south region saw an uptick in showings per listing year-over-year

showingtime data reveals seattle and denver are the nation's most active markets, while only the south region saw an uptick in showings per listing year-over-year

The latest data from ShowingTime, the residential real estate industry's leading showing management and market stats technology provider, shows that Seattle and Denver lead the nation in buyer demand even as we head into the typically cooler late fall and winter seasons.

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denver realtors say there is no housing bubble despite competitive market in new report

denver realtors say there is no housing bubble despite competitive market in new report

The Denver-area housing market saw a relative slowdown for inventory in July and August, but the end of September saw a 10.86% increase in inventory compared to the previous month, according to the October Denver Metro Real Estate Market Trends Report from the Denver Metro Association of Realtors. The report led DMAR experts to call this a good time to buy.

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denver area home sales fell in september, while inventory rises a record amount

denver area home sales fell in september, while inventory rises a record amount

Metro Denver’s housing market continued slowing in September, with the number of homes and condos sold declining and the inventory of active listings on the market rising by a record monthly amount, according to an update from the Denver Metro Association of Realtors.

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3 mountain homes in colorado that you can buy for under $200k, $300k and $400k

3 mountain homes in colorado that you can buy for under $200k, $300k and $400k

If you’ve been looking to buy a home these past few months around Denver, you probably know how unimaginable, absurd and downright rude real estate prices have become.

And that’s with things improving. Listings stayed on the market for an average of 11 days as of last month; the median home price fell to $581,000 (down from a $600,000 all-time high in June).

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denver’s embrace of rezoning for “granny flats” is growing by neighborhood, individual initiative

denver’s embrace of rezoning for “granny flats” is growing by neighborhood, individual initiative

Interest in ADUs rose steadily in the 2010s, and has only grown stronger in the past few years as the metro-wide real estate market became, for many, prohibitively expensive. City planners have seen an uptick in people moving to rezone their property, and in 2019 carved out a place for ADUs in Blueprint Denver — a “planned guidance” document that recommends removing barriers to the units in residential districts. So far, planners say, they’re not aware that any requests have been denied.

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