The rise in available for-sale housing that typically accompanies the transition from February to March failed to materialize in the Denver metro this year, as buyer demand continued to outstrip supply, according to the latest monthly report from the Denver Metro Association of Realtors.
Read MoreThe number of houses for sale across the state remains at a record low.
Read MoreIn 2021, the story is quite the opposite. The real estate market in Denver Metro is thriving and performing at record-breaking levels. Following the height of the quarantine period, many people realized how important their homes were and decided to take advantage of the historically low-interest rates to make their dreams of owning a home in the Mile High City a reality. This wave of motivated buyers flooded Denver Metro beginning in late spring and has maintained its momentum into this year.
Read MoreWhen the coronavirus outbreak took hold back in March of 2020, many assumed life would be temporarily upended. Fast forward a year, and we're still in pretty much the same boat.
Read MoreThe housing market in the Denver metro area has seen a dramatic increase in home prices of more than 20 percent over the past year, making it even more competitive for families to buy their first home. Those who were able to purchase a house say they had to open their search beyond their initial expectations as realtors say the inventory will only improve slightly for the rest of 2021, keeping it a seller’s market.
Read MoreInformation provided by Joshua O’Neill, of the city’s Planning and Zoning Department, showed 11 residential projects underway, with more to come. Four will add 226 apartments to the city’s downtown, where former factories are being converted into mixed-use rental buildings. Elsewhere, developments include single-family homes, condominium complexes, apartments buildings and 55-plus housing.
Read MoreFor the second month in a row, attached properties sold for record-breaking prices. The average price of a single-family home also reached a new high at $632,581.
So far, 2021 doesn’t look much different from 2020—and we’re not just talking about COVID-19 restrictions. Denver’s housing market, which has been scorching hot for the past year, shows no sign of slowing down. There are an abundance of buyers, homes are selling fast, and prices keep increasing.
Read More“Housing sales were robust and apartments at all price levels were moving quickly,” says Marsha Gordon, the president and chief executive officer of the Business Council of Westchester. In recent years the county was fortunate, with development and the housing market, to be ahead of the curve, Gordon says.
Read MoreFebruary marked yet another month of record-low inventory for the residential market in the Denver metro, where a resurgence in homebuying activity that began last summer has continued to push prices higher and fueled stiff competition among potential buyers.
Read MoreAs the real estate market remains on a boil in New York’s Hudson Valley, heated in large part by second-home buyers re-evaluating their commitment to urban living, longtime residents are experiencing both prosperity and pain.
Read MoreThere’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.
Read MoreNot long ago, it seemed just about everyone was obsessed with the tiny-home trend. So cute! So teensy! People were wondering: Just how small can a home get while still being cool and remotely functional? Well, we may never find out. Because, as with many things in the past year, the coronavirus pandemic has turned the “less is more” mentality on its head.
Read MoreSlifer Smith & Frampton Real Estate (SSF) – a brokerage firm in Colorado serving resort communities throughout the mountains for nearly six decades – has expanded their general brokerage services to the Denver metro area.
Read MoreOne outgrowth of the coronavirus is that properties offering more social distancing are in greater demand. “Whether it’s a townhouse or a single-family house, [people are] looking for their own front doors,” Stetson says.
Read MoreWhile early February spotlights Groundhog Day and the annual prediction of spring’s arrival, the Colorado housing market just keeps reliving its long-term storyline of low inventory and high demand with no predictable change in sight, according to the January 2021 housing data from the Colorado Association of REALTORS® (CAR).
Read MoreThe Northeast led the way as buyers rushed to the suburbs. Fairfield County, Conn., home to Greenwich and other tony towns, rose 39 percent for the biggest increase in the United States.
Read MoreConnecticut home purchases surged into the new year, as sales in January — typically a slow month coming off the holiday — reached a 15-year high for the month, with last year’s hot market showing little sign of cooling off, a new report shows.
Read MoreHeading into the spring sales season, the housing market in the suburbs of New York has already gone into overdrive, with bidding wars becoming the norm and many homes selling within days of coming on the market.
Read MoreWe may have started a new calendar year, but Denver’s real estate market didn’t change—prices are still high, and inventory remains low. And, to no surprise, January was another record-breaking month in several categories.
Read MorePeople are leaving expensive cities like New York and San Francisco relocating to more affordable areas. Even with high unemployment, prices are soaring across the U.S. because there’s an increasingly short supply of existing homes to choose from.
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