Hot off Connecticut's record mansion sale and with a few more big deals in the works, overall home prices continued to inch up in July as buyers sifted through a historically low number of properties on the market.
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 MoreProperty assessors for nine metro Denver area counties announced on Wednesday that property valuations, which help determine how much homeowners pay in property taxes, saw double-digit increases in their biannual assessment.
Read MoreIt’s a statistic that, not long ago, homebuyers could have only dreamed of: The median price of a single-family home in the Denver area dropped by more than $90,000.
Read MoreThe median home sales price for the Denver metro area was $536,500 in January, down 1.11% year over year.
Read MoreHome prices in metro Denver, the largest housing market in Colorado, are falling as rising interest rates continue to cool demand. But prices aren’t collapsing and are still high enough to shut a lot of buyers out of the market.
Read MoreProperties are being listed for longer, and home prices are up nearly 5% from this time last year. Sellers, as they typically do, are waiting till the New Year to put their homes on the market.
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