MAY 2022 - DENVER METRO REAL ESTATE MARKET -
April 2022 real estate showed that sellers are eager to get their homes on the market during prime seasonality, and buyers shouldn’t sit on the sidelines..
Read MoreApril 2022 real estate showed that sellers are eager to get their homes on the market during prime seasonality, and buyers shouldn’t sit on the sidelines..
Read MoreMarch 2022 real estate showed that despite increased inventory, there is no sign of a market cooldown anytime in the near future.
Read MoreFebruary 2022 continued to be a pillar of strength in the Colorado economy, despite global uncertainty and upheaval. With 5.36 percent month-over-month appreciation and interest rates increasing, an individual's buying power steadily declined. While 2020 and 2021 took different paths, there is one common denominator: hyperactive buyer demand.
Read MoreJanuary 2022 suggests that in the new year, a new strategy must be implemented in order to buy a home. While traditionally the market sees a 70 percent increase in new listings from December to January, the market ended down 17.77 percent in new listings compared to 2021, a 31.04 increase from the previous month. Likewise, the market ended with month-end active listings at a historic low of 1,184. To put into context, that is over 10 times less inventory than normal.
Read MoreJanuary 2022 kicks off another year that is likely to cater to an extreme seller’s market. Throughout the ebbs and flows of 2021, interest rates remained low and buyer demand stayed consistently high. DMAR found there were more homes purchased in 2021, 63,684 than any previous year. While demand was at an all-time high, the number of new listings that hit the market throughout the year was down 5.26 percent, which is one of the reasons why the market ended the year with another historic indicator, month-end active listings.
Read MoreGreater Denver Metro real estate market continues to bolster all-time records as November data emphasizes the desirability of a home in COVID-19.
Read MoreAverage and median close prices break historical records, shattering September 2020, as months of inventory dropped to an even more historic low.
Read MoreMetro Denver’s housing market saw major decline with home showings dropping to a record low mid-April due to the Stay-at-Home order. With restrictions lifted to Safer-at-Home on April 27, approximately 3,500 showings were scheduled that day, more than any other Monday in 2020.
Read MoreAugust 2020 saw the most home sales of any month of August on record, yet housing inventory hit the lowest point for any month of August on record with 40% less homes on the market than last year. Single-family homes are scarce as inventory can’t keep up with buyer demand; which drove up the average single-family home price to a new record high reaching $606,330.
Read MoreHomebuyers in metro Denver were not slowed by the pandemic in July as June’s record number of pending sales converted to an all-time high in the number of closings in any month on record, and the average single-family home price catapulted to over $600,000.
Read MoreRecord number of Denver-area homes on the market went under contract in June and home prices are on the rise. The market is experiencing near record-low housing inventory making for a strong seller’s market.
Read MoreWhile the number of homes sold was down significantly in May, new listings and homes under contract surged.
Read MoreMetro Denver’s housing market saw major decline with home showings dropping to a record low mid-April due to the Stay-at-Home order. With restrictions lifted to Safer-at-Home on April 27, approximately 3,500 showings were scheduled that day, more than any other Monday in 2020.
Read MoreMetro Denver’s real estate market started as one of the strongest on record in March but ended with a stark shift stemming from the coronavirus pandemic and ensuing stay-at-home order.
Read MoreDenver-area homebuyers and sellers ‘leaped’ into action in February with median days on market at 12, increases in both the number of homes sold and prices and new listings up but active listings down.
Read More2020 kicks off briskly for the Denver-area real estate market due to more housing inventory, continued low interest rates, above-average January temperatures and no postseason Broncos game according to the Denver Metro Association of REALTORS®.
Read MoreHousing conditions in 2019, including scarce inventory and record-breaking prices, position metro Denver as a seller’s market going into the new year.
Read MoreFewer choices for homebuyers in Metro Denver this holiday season. Both the number of new listings and homes sold dropped month over month in November.
Read MoreThe number of new listings added to the Denver-area housing inventory in October was down 10.14 percent month over month, but still up 4.37 percent year to date. The 5,425 homes added to the market was the lowest number of new listings in a given month since February. The average days on market year to date was at 30, up 25 percent compared to last year which was at 24 days.
Read MoreHomes priced between $300,000 and $499,999 have greatest buyer demand in Metro Denver. The price segments for which homebuyers have gained more negotiating power are condos priced between $750,000 and $999,999 and the single-family homes priced over $1 million.
Read More