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...
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...
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%...
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...
Cortez REALTOR® and 2023 CAR Chair-Elect Jason Witt (who will serve as CAR Chair in 2024) noted some interesting facts about his community and the role of REALTORS® in their own communities, as well as his role as an incoming leader for the Association. Witt says REALTORS® can play an important role in building health and sustainable communities, and he hopes...
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/ ...
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...
The Smith Society, which is also known as the Dr. Almon R. (Bud) Smith, RCE, AE Leadership Society, will induct CAR CEO Tyrone Adams into its 2022 class. Among the other inductees, Adams is being recognized as a leading contributor to the industry and the profession. He and the others have brought credit to the profession through their personal involvement...
The Colorado REALTOR® Diversity and Inclusion Committee are honored to celebrate groups and individuals who strive to support every individual and community within the real estate industry. Applications are open, and the winners will be announced at the CAR Fall Forum 2022 – Inaugural Dinner on October 18. There are four applications - please read each application description,...
Many factors are at play in what CAR spokesperson Chris Hardy says is a boom-start-boom market. Consumer’s competing offers in March and April were followed by a housing market break and family vacations in June. CAR’s Market Trends report for June shows a different story than what REALTORS® are seeing in the field. In 2021, there was only two weeks’...