denver 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.
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cash 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 Morebridgeport, Conn.: ‘a diamond in the rough’ reinventing itself
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Bridgeport was once unavoidable. In the middle of the last century, the waterfront Fairfield County city 60 miles from Manhattan churned out so many kinds of products, it seemed to be almost single-handedly shaping the habits of modern life. Rolling off the assembly lines there: lipstick cases, flashlights, typewriters, fans, underwear, sewing machines, cars, scissors, guns, lace, drills, helicopters and phonograph records.
Read Morejanuary homebuyers face historically low inventory in denver metro
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January may have been one of the coldest and snowiest on record, but despite the chill, Denver’s housing market started to thaw out. Buyers closed on 2,041 homes and condos in January in the 11-county metro area.
Read Morehome prices may be falling in denver, but costs are still shutting out many buyers
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Home 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 Morereal estate gurus: It may be time to buy a home—now
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The housing market is cooling as consumers grow weary of higher mortgage rates. In December, the number of newly-listed homes sold had fallen about 37% from a year ago, according to Redfin data.
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.
Read Moreexisting-home sales dipped 7.7% in november
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Realtor.com®'s Market Trends Report(link is external) in November shows that the largest year-over-year median list price growth occurred in Milwaukee (+38.1%), Memphis (+26.9%) and Miami (+24.8%). Phoenix reported the highest increase in the share of homes that had prices reduced compared to last year (+28.4 percentage points), followed by Austin (+23.8 percentage points) and Denver (+21.0 percentage points).
Read Morehousing market predictions: six experts weigh in on the real estate outlook in 2023
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If “hot” was the overused word to describe the U.S. housing market in 2021, then lukewarm to outright freezing might best describe how the market fared overall this year.
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housing market is shifting closer to favoring buyers
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The housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected to gain momentum over the next year.
Read Moreare new real estate listings in new haven county signaling a tipping point for CT homebuyers?
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After two-thirds of New Haven County cities and towns generated sufficient numbers of new home listings to replace those sold in the third quarter, the market remained balanced into December, signaling a break in the high prices that have thwarted many Connecticut buyers during the pandemic real estate market.
Read Moredenver housing market 2022
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The Denver housing market is one of Colorado’s most active as the state capital is home to many employers and is one of the Mountain West’s largest cities.
People also have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains.
Read Moredenver house prices are still up from this time last year — though they are dropping
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Properties 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.
Read Morewhere 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.
Read Moreconnecticut’s Q3 market report shows prices holding steady, inventory down
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The year-to-date Ridgefield real estate market is a mixed bag of results due to a lack of inventory. While we had a strong third quarter, the number of sales - and as a result - the overall sales volume, was down 24% and 19% respectively over the same time in 2021. However, the good news is that prices are holding steady.
Read Moremile 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.”
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