The CAR Blog - REALTORS Property Listings Colorado
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The CAR Blog

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Suddenly, it’s all about pricing

Percent of list price received on home purchases dips below 100% for the first time since 2020 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and traditional seasonal slowdown continued to pump the brakes on the metro area and statewide housing markets as potential buyers found a few more options to choose from and a few more days to think about their potential...

Toy houses on coins under magnifying glass.

Coloradoans to Vote on Affordable Housing November ‘22

If approved by Colorado voters, the fund would provide grants to local governments and loans to nonprofits for developing land for affordable housing; create homeownership programs that provide down-payment assistance; create grants for local governments to fully capacitate applications for zoning and land use permits; and much more. As of Aug. 19, the Colorado Secretary of State’s Office announced that the...

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Ups and Downs in Garfield County Market

“If you want to sell your house, it’s still a great market to do that. It’s still a seller’s market,” said Erin Bassett, CAR Spokesperson from the Glenwood Springs Association of REALTORS®. However, the Garfield County real estate market is riding the real estate roller coaster. When looking at CAR Market Trends over the last three months, the county’s single-family...

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CAR Welcomes PitchHub Video Platform & Service, Webinar Sept. 13

Join CAR Business Services’ newest partner, PitchHub, for "How to Create and Record Professional Videos from Anywhere," a Webinar, on Sept. 13, at 10 am. Find out how to script videos, the ‘Inexpensive,’ off-the-shelf video tools, how to create engaging videos, and what social media channels to use. This is a free program for CAR members. To access the free Webinar...

House with "sold" sign in front yard.

Metro Area Inventory Up 50%, Prices Stay Firm

The metro area experienced a 50% increase in active listings and a 72% increase in single-family home inventory for July 2021. There was a slight decrease in the median sale price to $723,750 in July 2022 from June 2022, which was $750,000. "Before you read that last number and wonder if that means prices are decreasing, the answer is a resounding...

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Swift Market Changes Make for Statewide Surprises

From June to July 22, the number of single-family homes is up by 10% and for condos, that number is 11%. “It is like we had a really hot summer day and a few days later, a blizzard,” said CAR Spokesperson and Colorado Springs REALTOR® Patrick Muldoon. “One weekend we were watching buyers toss everything they could at a house...

Market Takes ‘Huge, Deep Breath’

As of July 2022, the metro area has a 1.3 -month supply of single-family homes for sale, which has increased from the .3 months of supply available in February. CAR Spokesperson Matthew Leprino says, “Things have leveled out. Things have calmed down. The best analogy I can give you is that the market just took a huge, deep breath. It’s...

Wooden houses, coins, and keys on table.

Report: A Quarter of Young Adults Living with Their Parents

CAR’s Market Trends reported the median home price for a single-family home was $635,000 in July 2022. Since financial experts advise putting down a 20% down payment on a home, this creates a “boomerang effect,” which is when younger adults move back in with their parents to save for that payment.. According to the Pew Research Center, in 2021, 25%...

Modern kitchen with market trends overlay.

July Teases the Start of a New Real Estate Game for Second Half Of 2022

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With active listings and inventory rising across the seven-county metro area and state, slowing sales and fewer new listings have kept the full swing of the real estate pendulum in check, according to the July 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. The combination of factors, including rising interest rates, is giving potential...