Market Trends & Statistics
For buyers and sellers, the trick is being ‘just right’
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – If you thought finding tickets to Taylor Swift’s upcoming Denver concerts was a challenge, the search for homes in Colorado hasn’t gotten much easier either, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR).
Despite a double-digit percentage bump in new...
Interest rates and market uncertainty push start of selling season back more than a month
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – In what would typically be a rush of new listings hitting the market in April for the start of the home buying and selling season, consumers on both sides of the transaction seem content to watch and wait, reluctant to make a move...
In the Pikes Peak region, home sales fell in March on a year-over-year basis, continuing a downward trend that began in the second half of last year. And yet, sales and prices in March were up from February and at their highest levels in five months. Also, the pace of home construction —measured by permit activity — jumped in March...
Colorado ranks fourth in the nation for states with the highest average down payment for first-time buyers, according to a new report from Moneywise.
Moneywise ranked all 50 states based on median home price on Zillow and an average down payment of 13%, according to the National Association of REALTORS®.
"Affordability is certainly an issue for first-time buyers, there's no question about that,"...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – March housing numbers for the seven-county Denver metro area and statewide may look scary at first glance however, they may also be some of the most normal statistics and market conditions seen since the beginning of the pandemic, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR).
“Median sales prices...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – With potential sellers sitting tight on their low interest rates and buyers skeptical of rising interest rates and reduced buying power, housing markets across the Denver metro area and state continued to take a much-needed breather in the month of February, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS®...
After two years of unprecedented growth, the median sales price of a single-family home stayed the same in Colorado but dropped in Metro Denver, though barely. In January 2023, the median sale price was $569,804, down 1.4% from a year ago. Some parts of the state saw an increase in January.
In January, the median price of a single-family home in...
As borrowing costs increase, rate dispersion among lenders is growing. Your clients could save up to $1,200 annually by shopping around, experts say.
Mortgage rates are inching up, with the 30-year fixed-rate loan increasing to a 6.5% average last week, Freddie Mac reports. Homeownership remains attainable for Americans who can afford a 20% down payment and a monthly mortgage payment of...
Posted on
February 13, 2023
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – Both home buyers and sellers continue to feel the effects of the Federal Reserve’s interest rate hikes designed to help curb inflation and slow the market, according to the January 2023 Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Housing prices across the seven-county Denver-metro area and state continued to fall slightly...
Posted on
January 31, 2023
Nationally, pending home sales increased for the first time in six months, and new home sales and mortgage applications are rising.
New housing data offers hope that the market slowdown may be short lived. Nationally, pending home sales rose 2.5% in December, ending a six-month slide, the National Association of REALTORS® reported last week. New-home sales also rose 2.3% last month,...
