Market Trends & Statistics
Posted on
December 12, 2022
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – Although increases in inventory are helping to restock what were nearly empty cupboards across the Denver metro and statewide housing markets over the past few years, the typical year-end housing slowdown is being fueled by some interest rate uncertainty, as well as speculation and hope for what spring 2023 may offer to patient buyers, according to the...
Posted on
November 22, 2022
REALTORS® from the northernmost Colorado counties are still seeing the same number of listings despite other areas of the state, according to October’s Market Trends reports.
Statewide, the number of new listings dropped 20% from September to October 2022.
There is a different story to tell in Morgan County. The number of days on the market is taking longer, however, the average...
Posted on
November 15, 2022
Overall, CAR’s October 2022 Market Trends report shows more homes on the market—along with a longer amount of time on the market. There were 5,670 homes sold across the state, which is down 17% from September 2022. The median sale prices have decreased by 2% since September, and are listed at $550,000
“Despite higher home mortgage rates, home buyers now have...
Posted on
November 15, 2022
CAR’s Market Trends Research reported that in Colorado Springs, the median price of homes sold in October increased by 4.3% to $465,000 since last year at the same time. Compare that number to the number of home sales, which decreased by 33%, from October 2021.
Colorado Springs REALTOR® and PPAR President Anne Kidd has one option for sellers: "You can't change...
Posted on
November 11, 2022
The number of homeowners who challenged their property tax assessments in 2022 was cut in half when compared to those in who challenged their assessments in 2017, according to a recent investigation. Some assessors in metro area counties believe the data from Zillow and Redfin are helping to show homeowners the rise in home values, resulting in the acceptance of...
Posted on
November 10, 2022
Sellers, still looking to cash in, face a more patient buyer pool
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – Rising interest rates and inflation are helping to magnify what is typically a fall season slowdown, according to the October 2022 Market Trends Housing Report from the Colorado Association of REALTORS®.
New listings for metro-Denver single-family homes fell just over 25% from September to October and are...
Posted on
October 12, 2022
Conditions drive inventory and opportunity for an increasingly skeptical and cautious buyer pool
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – As cooling temps lead to dramatic changes in foliage across Colorado’s iconic mountain forests, rising interest rates and a growing list of economic challenges and uncertainties are creating their own dramatic changes in the state’s housing markets, according to the September 2022 Market Trends Housing...
Posted on
September 26, 2022
Home prices have appreciated 11% since the beginning of the year according to CAR’s Market Trends report for August 2022. CAR Spokesperson Kelly Moye says, “A housing recession would mean more inventory than demand from buyers, so your supply and demand would be out of whack--it would be out of balance. And prices would be going down…” The recurring interest...
Posted on
September 26, 2022
CAR’s August Market Trends report shows most median home prices in Colorado are up 10 % from last year’s numbers. Despite higher interest rates, multiple cash offers are a thing of the past. “It’s a great, great opportunity,” said CAR Spokesperson Matthew Leprino. It’s better than it’s been in three years for buyers. Yes, interest rates are higher, and prices...
Posted on
September 14, 2022
A REALTOR’S® client in Boulder recently bought a home in two days, close to the listed price, with a home inspection, with a contingency agreement on the sale of her current home, and with no appraisal gap. CAR Spokesperson Kelly Moye said, “That was a contract we haven’t seen in a really, really long time, and – it was refreshing.”
“She...
