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 MoreNationally, 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 MoreWe're already seeing the U.S. housing market slow down in the face of spiking mortgage rates. Mortgage applications are declining, fewer listings are getting multiple offers, and inventory levels are rising again. However, that's a deceleration—meaning prices are going up at a more modest rate—not a price correction.
Read MoreAs Connecticut’s spring real estate market nears the finish line, in some towns half of the houses sold in May went to contract in five days or less — and in a few select locales, in the span of a weekend.
Read MoreTara Watnik knew that she and her family would leave their Bronx co-op for a house in Westchester — eventually. But her husband, Scott Watnik, a partner in a Manhattan law firm, grew up in Riverdale, and they liked living in his childhood neighborhood, which was close to her job as a communications director at a private school and an easy commute for him. Then Covid hit, and they decided it was time to get serious about moving.
Read MoreFor 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.
Read MoreHomes sold for cash across the country reached a new peak of 28% this March, the highest point since the crisis years post-2008, when a lot of home sales were foreclosures, according to the National Association of Realtors.
Read MoreDenver’s red hot housing market continues to generate record sale prices.
A new report from OJO Labs lists Denver as the second most competitive housing market out of the nation’s 50 largest metro areas. Denver saw seven in 10 homes sell for above list price in April, second only to the San Francisco Bay area.
Read MoreDenver’s housing market was the second most competitive out of the nation’s 50 largest metro areas, with seven in 10 homes selling for above the list price in April, according to a new report from OJO Labs.
Read MoreDenver's housing market surged throughout the COVID-19 pandemic, and lately, it's been growing even tighter.
Read MoreDenverites 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.
Read MoreBetween 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 MoreAccording 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 MoreNorthern Colorado’s residential real estate market continues to suffer from record-low inventories, helping to drive up prices at dramatic rates.
Read MoreHome 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 MoreThe Denver metro's real estate market is one of the most compelling in the nation, and this year will prove telling about its future direction.
Read MoreNot only are buyers facing rising interest rates, but home prices continue to soar, too. Right now, homebuyers are currently facing one of the priciest housing markets in history—and, in turn, the average purchase loan size has grown
Read MoreAccording to the most recent housing report from DMAR, the number of active listings in January 2022 is down nearly 50% compared to January 2021.
Shortage of available housing drives metro area home prices up.
Read MoreReal estate continues to be a booming industry in the metro area — especially in the past couple of years. In 2020 and 2021, Denver’s real estate market grew by $208 billion, the report stated. It grew by $212.1 billion the decade prior.
Read MoreTwo years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who wants a new home. The median price for an American home is up nearly 20 percent in a year. The for-sale inventory is at a new low. And the hopeful buyers left on the sidelines have helped drive up rents instead.
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