NAR data shows that national inventory decreased by 12% in October, and 82% of homes were sold in under a month. These two different forces, inventory and time on the market, are driving the sales climate, snowflakes or not. “While there are some that say we are overdue for a price correction, demand for housing is creating a hard bottom unlike what we saw...
CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – In most markets across the state, the pace of available inventory slowed in October and was quickly consumed by the insatiable demand that has come to define the Colorado housing market in 2021, according to the latest monthly market data and analysis from the Colorado Association of REALTORS®. “The pace at which homes are selling remains robust, but the dynamic has changed. In...
Denver’s median sales price was slightly lower in September at $562,000, which is down from June’s $580,000, as inventory on the market increased. A recent FOX31 story used CAR’s monthly Market Trends to report on the latest trends: “Just before the pandemic began, homes were on the market an average seven weeks before they sold. Last month, they lasted two...
The seasonal slow-down in housing sales returned this year to Northern Colorado. REALTORS® saw the amount of home sales drop almost 20 percent from last year at the same time. There was also a slight decrease in the amount homebuyers are willing to pay over asking price. In September, they paid only 1.3 percent over the listed price. Fort Collins REALTOR® and CAR spokesperson Chris...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Oct. 12, 2021 – With new listings easily countered by the volume of closed and under contract properties, the median price of homes remains steady or has continued to rise in markets across the state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). As a result, active listings in the seven-county Denver metro area...
“While quarantine-limited interaction and the return to ‘normal’ seems to be looming, the stigma of attached living appears, at least for now, to no longer be affected by worry and fear,” Denver-area REALTOR® Matthew Leprino reported in CAR’s monthly Market Trends report. CAR sends this monthly analysis to Colorado news outlets. Townhomes and condos are selling for an average sales price of...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Sept. 13, 2021 – End of summer vacations, kids returning to school, and typical seasonal slowdowns did not impact the continued hot housing market across the seven-county Denver metro area and state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). Despite anticipated seasonal dips in new listings, under contracts and pending/solds held their own during...
REALTOR.com reports that Colorado Springs ZIP code 80916 (on the southeast side) is the nation’s “hottest” market for sales in the entire nation. The southeast side of the city outranks ZIP codes in Rochester, NY, and Boston, Mass. According to CAR’s July Market Trends Report, the median home price for homes in all of El Paso County is $450,000. In the 80916 ZIP code, the...
New data regarding Colorado’s ever-changing real estate market indicates a shift in pricing and inventory along the Front Range. Statewide, the latest numbers from the Colorado Association of Realtors show an increase in the inventory of active listings from June into July. In fact, the data highlights a healthy increase of about 1,600 listings between June and July. The city of Denver’s median...