Colorado Association of REALTORS | Market Trends
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Market Trends

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

https://www.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

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

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...

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

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

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...

REALTORS®️ Predict $1M Average is on the Horizon

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

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...

More Expensive to Buy a Home Outside of Denver

In February, CAR’s Market Trends showed that a home in Douglas County, Colo., is selling for a median price of $706,000, while Denver’s prices are at $659,0000. Jeffco and Broomfield home prices are also higher than Denver. Adams County comes in with a lower price point at $550,000. Some speculate that low inventory in Denver and people’s ability to work...

MacKenzie Scott Makes $13.5 Gift to Habitat Denver

Habitat for Humanity of Metro Denver will receive its largest donation ever--$13.5 million—from author MacKenzie Scott. “It is a vote of confidence in the collective work of many people – homeowners, staff, board, donors, volunteers, and community partners,” said Habitat Director Heather Lafferty. CAR’s Market Trends showed the need for affordable housing:  There were only 1,486 single-family homes listed for sale in the seven-county metro area...

Good News for Sellers in February

CAR released its monthly Market Trends report for February. It showed the median home price in the Denver area is $555,548 which is up 20% from last year. Buyers are still looking for all price points. “Yes, there’s more competition,” said CAR Spokesperson Matthew Leprino, “and they (buyers) have to give up more concessions than they did in the past,...