Westword: Home Affordability in Denver and Colorado Getting Worse
Colorado Association of Realtors members are just as confused by what’s going on as anyone else, as is clear from statements collected by the group.
“If you speak to your local realtor, you will hear that perhaps the frenzy is slowing,” notes Sunny Banka, who works in the Aurora area. “It is hard to tell if that is the typical July slowdown or if the winds of the real estate market are changing…. We have watched the inventory increase over the past thirty days, but, even with the increase, active listings are still very low in the Aurora and Centennial markets. Depending on the location, prices are up 20 percent to 35 percent over last year at this time.”