what are denver homebuyers willing to do in this competitive market?
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Denverites are willing to go further than the average American to secure a home in the city’s competitive housing market, according to a new report.
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metro denver now the fifth least affordable housing market in the country
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Between higher property prices and higher interest rates, housing affordability continues to deteriorate in Colorado this year, leaving Gen Xers as the one age group still able to afford a mid-priced home in Arapahoe and El Paso counties — but not Denver.
Read Moreprices increase 9%, inventory remains historically low in hot denver housing market
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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 Morereal estate summit: low inventories, price appreciation to continue
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Northern Colorado’s residential real estate market continues to suffer from record-low inventories, helping to drive up prices at dramatic rates.
Read Morehome prices skyrocketed again in Denver and Colorado Springs in February, but people kept buying them anyway
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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 Moredenver’s median home price climbed nearly 15% to $659,000 from january to february. why is this happening?
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“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.”
Read Morehousing market 2022: is it cheaper to buy or rent in denver?
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For Denver County, renting takes a little more than a third of average monthly pay, while buying a home consumes nearly half. The average 2022 monthly rent for a three-bedroom unit in Denver, according to Attom, is $2,416, a slight increase from 2021.
Read Moreexperts: denver housing market expected to ‘slow down’ in 2022
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The real estate market in Denver was hot in 2021. However, Realtor.com is predicting a cooldown could be on the way for the Denver real estate market.
Read More2022 brings new opportunities to denver metro’s real estate market
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The New Year has officially begun, and many consumers are looking for a fresh start. Whether that be a new routine, refined goals, or a refreshed mindset, most people have their sights set on something that they want to accomplish in 2022.
Read Morehere's where denver ranks among 2022's forecasted hottest housing markets
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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.
Read Moredenver housing market: new year, more inventory?
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Metro Denver homebuyers who thought it was tough to find for-sale homes in December will be sorely disappointed if they thought a new year would bring more inventory.
Read Morehot homes: 5 denver houses under $1 million
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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.
Read Moreshowingtime 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
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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.
Read Moredenver realtors say there is no housing bubble despite competitive market in new report
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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.
Read Moredenver home market slowing a bit
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There were 3,971 active listings at the end of September, according to the Market Trends report released Tuesday. That’s a 10.9% increase from the number available in August, but still down 25.1% from the number of homes for sale in September 2020.
Read Moredenver area home sales fell in september, while inventory rises a record amount
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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.
Read More3 mountain homes in colorado that you can buy for under $200k, $300k and $400k
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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).
Read Moredenver’s embrace of rezoning for “granny flats” is growing by neighborhood, individual initiative
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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.
Read Moreit took homes 11 days to sell in denver in august. that might be a sign that the market is slowing
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Home sales in the Denver metro are slowing, giving some buyers a chance to jump into what has been a highly competitive market for more than a year.
Read Moredenver metro’s real estate market may be changing with the seasons. but what does it mean for buyers and sellers?
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After a year of record-breaking buying and selling activity in Colorado, it appears as though the red-hot market is finally cooling off and settling back into its typical trends.
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