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...
Homeowners are realizing that lush, green lawns are getting harder to maintain in Colorado. Having a green lawn has been a status symbol since the 1500s and even has the reputation of forecasting the homeowner’s moral character, which was then reinforced by homeowner’s associations. The grass we know today was originally brought from Europe and North Africa. Some REALTORS® have noticed...
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...
Four neighborhoods in Southwest Denver - Bow Mar, Westwood, Harvey Park, and Barnum - saw more flip sales in 2021 alone when compared to the last decade, according to Denver property sales data. 2022 is on track to break that record. Overall, there were more home sales in 2021, but CAR Spokesperson Matthew Leprino commented on the data: “The 120-day threshold...
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...
“If you want to sell your house, it’s still a great market to do that. It’s still a seller’s market,” said Erin Bassett, CAR Spokesperson from the Glenwood Springs Association of REALTORS®. However, the Garfield County real estate market is riding the real estate roller coaster. When looking at CAR Market Trends over the last three months, the county’s single-family...
The metro area experienced a 50% increase in active listings and a 72% increase in single-family home inventory for July 2021. There was a slight decrease in the median sale price to $723,750 in July 2022 from June 2022, which was $750,000. "Before you read that last number and wonder if that means prices are decreasing, the answer is a resounding...
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...