Market Trends Archives - Page 9 of 25 - Colorado Association of REALTORS
1225
archive,paged,category,category-market-trends,category-1225,paged-9,category-paged-9,a0-show-core-login,edgt-core-1.0,ajax_fade,page_not_loaded,,colorado association of realators-child-ver-1.0.0,hudson-ver-1.5, vertical_menu_with_scroll,smooth_scroll,blog_installed,wpb-js-composer js-comp-ver-8.0.1,vc_responsive

Market Trends

Deer in grassy field overlooking suburban houses.

Record breaking highs and lows challenge housing buyers statewide as supply disappears

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With the inventory of active listings down 40% to more than 70% in markets across the state compared to a year ago, potential home buyers are facing record-setting appreciation and median pricing in the face of all-time lows in active listings and months supply of inventory, according to the February 2022 Housing Reports from the Colorado Association of REALTORS®. Despite a month...

Welcome sign at Estes Park entrance.

Stay or Go in Estes Park

“There are plenty of thought-provoking choices to make in life--more so when you take a glance at predictions and numbers that can relate back to your or your client’s livelihoods,” said Estes Park REALTOR® and CAR Spokesperson Abbey Pontius. In Estes Park, the average sales price of a single-family home is $583,367, and townhomes and condos are at $393,000. “This amount of money will have...

Suburban landscape with distant mountain view.

January Tied December’s Low Inventory Record

Highs and lows continue in the housing market in Colorado. “We have tied last month for the historic, lowest amount of inventory on record," said Matt Leprino, CAR spokesperson. Denver had 1,400 homes for sale for Dec. 2021 and Jan. 2022, which is a 60 percent reduction from last year at this time. “The median home price went up 19% in just one year...

Aerial view of suburban neighborhood and mountains.

“Unprecedented” and “shocking,” REALTORS® running out of ways to describe state’s record low housing inventory

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite a nice, but expected seasonal uptick in the number of new listings that came to the Colorado housing market in January, a strong month of pending/under contract activity quickly gobbled up available inventory, once again keeping active buyers pushing the limits of their budgets and patience, according to the January data from the Colorado Association of REALTORS®. While the volume of...

Colorado Homes Showed 32% Overall Price Appreciation in 2021

New Coloradoans and the state’s stay-at-home orders during the pandemic have combined to form an unprecedented amount of growth in home values and scarcity in 2021, according to CAR’s 2021 Year-End Market Trends Report. The overall median single-family home price across Colorado went up 32% between 2019 and 2021. “In 2019, we were starting to see a plateau in the real estate market with appreciation...

Aerial view of suburban neighborhood and mountains.

Fort Collins Prices See 17.4% Jump in 2021; Higher Interest Could Quell Demand

Despite the historic jump in prices seen in 2021, the dizzying pace at which homes are selling for over the asking price with multiple offers in a short time frame could lessen if the interest rates go up. “An uptick is probably good for the market to quell rampant appreciation," said CAR spokesperson Chris Hardy. "But for some folks it...

Suburban landscape with distant mountain view.

Record-shattering housing market showed no seasonal differentiation in 2021 Astounding highs and lows likely to continue well into 2022

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Record-low inventory combined with insatiable buyer demand drove housing prices to record highs in markets across Colorado in 2021, according to the December data and year-end analysis from the Colorado Association of REALTORS®. The resulting activity, prevalent from January through the end of the year in markets across the state, made it nearly impossible to define any...

Like everything else – Colorado’s housing market has a supply chain issue

Record setting lows in housing inventory once again push median pricing to new highs, magnifying issues of affordability https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – It seems everywhere we turn these days, there is a supply chain issue. No matter the size or scope of the product and services in demand, the supply chain is often the culprit in any effort to meet consumer wants and needs. Colorado’s housing market...

Inventory Low, Median Price Up

Statistics from CAR’s Market Trends report show 6,100 active listings in the Metro area in November, which is down 39% from November 2020. REALTORS® say that the market feels slow, just because there are fewer homes to sell. Aurora has 142 homes for sale, while Centennial has 20, and Durango has 62. The median sales price is $685,000, which is up 16 percent from...

Businessman selecting happy rating emoji.

CAR Receives Strong Performance Ratings Across Programs in 2021 Member Survey

CAR members had the opportunity to complete a survey in October of 2021 that included collecting data on member sentiment on CAR programs and services as well as the industry overall and the issues that impact their business most. Below are preliminary findings. Members give CAR consistently strong job approval ratings. Overall, 68 percent of members give CAR an A...