Market Trends & Statistics
Posted on
September 13, 2022
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...
Posted on
August 31, 2022
The Pueblo real estate market experienced an 18.2% reduction in home sales for July, but sales are still up 14.8% for the year. CAR Spokesperson David Anderson, a Pueblo REALTOR®, saw a lot of sellers overprice their homes over the last month, which lead to a lot of price reductions.” The problem with that,” he says, “is they never catch...
Posted on
August 24, 2022
“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...
Posted on
August 16, 2022
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...
Posted on
August 15, 2022
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...
Posted on
August 15, 2022
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...
Posted on
August 15, 2022
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%...
Posted on
August 10, 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...
CAR’s June 2022 Market Trends report indicated that there were 7,453 new listings in the seven-county Denver metro area, which is on par with May of 2019. Each summer since 2014, has had more listings each summer.
https://kdvr.com/news/data/denver-housing-listings-rise-compared-to-pre-pandemic/
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The Denver area’s housing market is being affected at a larger percentage gap than the national rate in most home sale categories. The number of home sales dropped 4.8% from May to June nationally, but compare that statistic to our state, where home sales fell 6.3%. The median home sale price in the nation was $416,000 in June, which is...
