Colorado Association of REALTORS | Market Trends & Statistics

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Market Trends & Statistics

Rising interest rates and inflation fears help pump the brakes on housing market pushing inventories higher and keeping median pricing flat

Posted on June 10, 2022

Market Trends, Market Trends & Statistics, REALTOR® News, Stats & Trends

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Buyer trepidation fueled by rising interest rates and inflation fears continued to contribute to an improving bottom line for housing inventory and helped keep median pricing relatively flat across the seven-county Denver-metro area and in markets statewide, according to the May 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New listings for single-family homes and...

Black Coloradoans Still Have Harder Path to Homeownership

Posted on June 9, 2022

Communities, Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

According to the recent NAR report on the homeownership gap, only 43% of Black Americans can afford to buy a typical home, compared with 63% of white Americans and 54% of Hispanics. In Colorado, about 48% of white residents can afford to buy a typical home while 30% of Black and 32% of Latino people could afford homes here. CAR Market...

‘Functional Zero’ Homeless Veteran Status Achieved in Fremont County

Posted on June 1, 2022

Communities, Market Trends, Market Trends & Statistics, REALTOR® News

There are fewer than three veterans experiencing homelessness on any given night in Fremont County, thanks in part to a designation they received from Built for Zero, Community Solutions. The designation helped homeless organizations in the county expand their services. Some of the risk factors for homelessness are scarce and expensive housing. The median sales price for a home in...

Report: Rental Market Just as Competitive as Home Sales

Posted on May 17, 2022

Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing

Some property owners are raising rents 20-50 percent in the Denver Metro Area. The number of renters has increased, too. “It’s incredibly competitive," said CAR Spokeswoman Kelly Moye. "It’s just like if you’re buying homes. Most renters are dealing with competing with 50 to 60 other applicants." She said she recently had 64 applicants in less than 48 hours for...

Interest Rates Change, Sale Prices Stay, Balance Predicted in CAR’s Housing Affordability Index

Posted on May 16, 2022

Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo. Summit County data showed that 81% of homes in the county were priced at over...

Stats Show the Entire State’s Home Sale Prices Mirror City Prices

Posted on May 13, 2022

Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

CAR's April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area. According to CAR Spokesperson Sunny Banka of Aurora, "We are...

Bumps in inventory and interest rates give some homebuyers hope and a window of opportunity while others are priced out as the median price for a single-family Colorado home hits a record $600,000

Posted on May 11, 2022

Market Trends, Market Trends & Statistics, REALTOR® News, Stats & Trends

Despite challenges, REALTORS® across the state share signs of hope for more balance in the near future https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and seasonal growth in inventory have given some potential homebuyers a little larger window of opportunity while others have decided to take a step back from the homebuying search as their dollars just don’t go as far, according to the April...

Aurora Market Slowing Despite 100k YOY Increase

Posted on April 27, 2022

Market Trends & Statistics, REALTOR® News, REALTORS® in the News

Home prices in Aurora have risen $100,000 since March of last year, but due to interest rate increases, the market is cooling just a bit. For sellers, this means “things are starting to balance out just a little bit, so you have to be a little more realistic,” says CAR Spokesperson Sunny Banka. She says a recent listing took two weeks to sell and...

REALTORS®️ Predict $1M Average is on the Horizon

Posted on April 13, 2022

Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

CAR spokespeople are guessing when metro area average sales prices will hit the $1M mark. Matthew Leprino of Denver used CAR’s Market Trends to make his prediction. “With only an 8.84% increase required for the average to top $1 million,” he said, “at the current monthly rate of monthly appreciation at 3.2%, we will reach that milestone as we celebrate...

March spike in new listings does little to offset home buying demand, record appreciation, and sale price

Posted on April 12, 2022

Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – A much-needed spike in new listings from February to March did little to quell the continued insatiable appetite for housing in markets across the state, according to the March 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New single-family listings in the seven-county Denver metro area rose 47.5% percent from February to March 2022, while statewide new listings...