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...
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...
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...
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...
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...
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...
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...
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...
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...
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...