denver housing market slowdown gives first-time buyers new opportunities
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September’s Denver Metro real estate market experienced a seasonal slowdown, with new listings, pending sales, and closed sales declining.
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connecticut housing market 2023: trends & house prices
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With tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
Read Moreseasonal slowdown met by high rates in Denver housing market
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Inventory in the Denver metro region housing market is growing, and although that indicates slightly more choice for buyers in a tough market, demand is also softening, according to a recent real estate report.
Read Morehomes are staying on market longer in the Denver metro. That’s good news for cash buyers
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More homes on the market should be a good thing for people that have the cash to buy. But home prices still haven’t come down all that much even as the market stalls out.
Read Morethe hottest U.S. housing markets
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Much of the housing market remains frozen in place as mortgage rates trend up and existing homeowners remain reluctant to give up their sub-4% interest rates. This means a "hot" market today is more likely one that has returned to the basic fundamentals of demand, supply and relative affordability.
Read Morewell-priced inventory is low: new york real estate in Q2 2023
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During the second quarter of 2023, New York City’s real estate market has been as volatile as our stock market. While the market for ultra-luxury apartments, both condo and co-op, has remained slow, the smaller units, which were having a run in April and much of May, have now sunk into the doldrums as well.
Read Morethere are fewer houses for sale in CT. Here’s why.
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A low inventory of homes for sale and high interest rates are creating a catch-22 in Connecticut’s real estate market: to push prices down would require more houses to go up for sale, but people don’t want to list their houses because prices are high, according to local real estate experts.
Read Moredenver housing market 2023
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The Denver real estate market may be reaching an inflection point after years of rising home values as buyer demand adjusts to rising mortgage rates. We look into the current market trends for buyers and sellers.
Read Moremetro denver homes sales market volume dives 30% in a year
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While May provided some bright spots for metro Denver’s home sales market — namely more new listings than April for buyers to choose from — the market still “feels off,” according to the Market Trends Report released by the Denver Metro Association of Realtors Saturday.
Read Moredenver’s realtor association has stopped analyzing naturally affordable homes, citing a lack of data
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No 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 Morewestchester’s housing inventory hits a record low
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The Westchester housing market continues to exhibit a high demand for properties while inventory drops to a record low.
Read Moreproperty values jump 35% to 45% in 9 counties across denver metro area
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Property 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 Morewhat the denver housing market looks like as we get deeper into 2023
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According to the Census Bureau’s 2021 American Community Survey 5-Year Estimates, Denver is now the 19th biggest city in the United States, with a population of 711,463, as of 2021. Denver has witnessed dramatic growth in recent decades. From 1990 to 2021, Denver’s population increased by 52.1%, from 467,610 to 711,463. As with cities of the Pacific Northwest and West Coast in general, much of Denver’s growth over the course of the 2000s and 2010s was due to a large influx of Millennials.
Read Morecolorado home prices see biggest sustained dip in more than a decade
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It’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 Moredenver housing inventory is low, but the “luxury market” is thriving
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Denver home buyers are still facing a shortage of properties to purchase.
Read Moredenver housing prices are down, for now
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The median home sales price for the Denver metro area was $536,500 in January, down 1.11% year over year.
Read Morecash buyers in fairfield squeeze an already-tight housing market
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High prices are slowly starting to decline, but a low inventory and steep home mortgage costs already put homeownership out of reach for many buyers, the analysis found. What’s also contributing to the difficulty is an 8 percent increase in the number of people who pay cash, according to the analysis.
Read Morewhy connecticut’s real estate market is still hot
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With little to choose from on the market, a lack of supply and an increased demand has caused home prices in the Nutmeg State to increase 10 percent in the last year alone, according to Zillow. Sellers know that serious buyers will pay more to get into a market that has pushed many home-buying hopefuls out, and the prices reflect that.
Read Moredenver's real estate market will settle in 2023, experts say
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Local real estate experts predict that 2023 will bring more balance to the metro Denver housing market.
Read Morehow denver’s real estate market changed in 2022
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2022 represented a major shift in Denver’s real estate market.
The Colorado housing market had already been hot for several years prior to the pandemic. Then COVID-19 hit, and throughout the next two years, the market exploded as interest rates dropped, and buyers flooded the market.
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