where denver-area home prices are changing
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There's no doubt the Denver metro's housing market is cooling, as mortgage rates that more than doubled since January have dissuaded potential homebuyers.
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mile high and rising: how diversification is paying off for denver
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A favourable geographic location, an educated workforce, strong connectivity and a high quality of life are working in Denver's favour when it comes to attracting investment.
Read Moreas denver’s real estate market cools, mortgage rates top 7% for the first time since 2002
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“As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month,” Khater explained in a statement. “In fact, many potential homebuyers are choosing to wait and see where the housing market will end up, pushing demand and home prices further downward.”
Read Moredenver’s real estate market is finally calmer, but it's not cheaper
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Signs of a slowing housing market persist in the Mile High City, according to the latest data from the Denver Metro Association of Realtors.
Read More4 predictions for denver’s (cooling-off?) real estate market
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Waiting until prices plateau to buy won’t necessarily save you money though. “The more the bubble pops,” Gill says, “the higher the interest rates have gone. So your bottom-line expenses are either going to be the same or cost more if you don’t get into the market now.”
Read Moredenver’s real estate market could balance out for the first time in 16 years
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“The market is entering a period of neutrality where the bullish ways of extreme markets make way for a stage of compromise, with buyers and sellers working together for a win-win experience,” wrote Levinson-Katz.
Read Moredenver eyes turning a dozen downtown office buildings into apartments and condos
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Denver officials want to better understand what it would take to turn obsolete office buildings downtown into sorely needed housing and plan to approach property owners next year about tackling those conversions.
Read Morecolorado housing market becoming more buyer-friendly
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According to CAR’s latest statistics:
Single family homes in Denver County are sitting on the market longer – about 18 days this month, compared to 11 in August 2021.
Last August, single family homes in Denver County sold for 102.4% of list price, compared to 99.1% this August…
housing markets downshifting hard across colorado’s most populated counties in august
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Housing markets across the state slowed sharply in August, but some held up better than others in the face of rising interest rates and reduced buyer demand, according to an analysis of numbers provided by the Colorado Association of Realtors.
Read Moredenver’s housing market continues to slow as locals compete with wealthier newcomers
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Higher 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 Moredenver draws rich financiers with $12 million lofts, $175 sushi menus
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Colorado’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 Moreafraid denver’s in a housing bubble? experts say don’t worry
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With home prices increasing by over 30% nationally since June 2020, many people wonder if Denver is in a housing bubble about to burst.
However, experts say several factors indicate Denver’s housing market remains strong.
Read Morehouse prices haven’t dropped in denver — but the rate of the rise is slowing down.
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From this time last year, median house prices have risen 11.5%, to $723,750, in metro Denver metro, according to the latest Market Trends Report from the Colorado Association of Realtors. In normal times, that would be a hefty hike. But it’s nothing compared to recent years, when home prices have been rising around 20%, from one year to the next.
Read Moredenver real estate market shifting in buyers' favor
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"Gone are the days that a seller can simply put a sign in the yard and expect their home to sell," the Denver Metro Association of Realtors reports.
Read Moremetro denver’s housing market starting second half of year on a cold note
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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 Morewhat’s working: here’s how the front range housing market slowed over a few weeks as interest rates rose
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More 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 Moredrop in metro denver home sales will be steeper than expected
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Metro 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.
Read Moredenver’s june housing report is out. what's changing and what it means for buyers, sellers
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The number of homes and condos up for sale in the Denver metro rose by nearly two-thirds from May to June and the number of properties available on the market grew by nearly twice from a year ago, according to the latest market trends report from the Denver Metro Association of Realtors.
Read Morethe housing market is slowing down. there’s some hope for buyers.
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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
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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.
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