Colorado Association of REALTORS | Stats & Trends
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Stats & Trends

March housing stats may look scary but could be most normal we’ve seen since pre pandemic

https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – March housing numbers for the seven-county Denver metro area and statewide may look scary at first glance however, they may also be some of the most normal statistics and market conditions seen since the beginning of the pandemic, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). “Median sales prices...

Looking to rebalance, housing markets taking much needed breather

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With potential sellers sitting tight on their low interest rates and buyers skeptical of rising interest rates and reduced buying power, housing markets across the Denver metro area and state continued to take a much-needed breather in the month of February, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS®...

Metro Home Prices Drop After Two Years of Growth

After two years of unprecedented growth, the median sales price of a single-family home stayed the same in Colorado but dropped in Metro Denver, though barely. In January 2023, the median sale price was $569,804, down 1.4% from a year ago. Some parts of the state saw an increase in January. In January, the median price of a single-family home in...

Mortgage Rates Rise on Signs of Strong Economic Growth

As borrowing costs increase, rate dispersion among lenders is growing. Your clients could save up to $1,200 annually by shopping around, experts say. Mortgage rates are inching up, with the 30-year fixed-rate loan increasing to a 6.5% average last  week, Freddie Mac reports. Homeownership remains attainable for Americans who can afford a 20% down payment and a monthly mortgage payment of...

Homes stay on market longer, prices flatten as buyers and sellers wait out rate hikes

https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Both home buyers and sellers continue to feel the effects of the Federal Reserve’s interest rate hikes designed to help curb inflation and slow the market, according to the January 2023 Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Housing prices across the seven-county Denver-metro area and state continued to fall slightly...

2022: A year of change in real estate

A long-term, frenzied housing market shifts in second half of 2022 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – The robust, fast-paced real estate market that has dominated Colorado for the past several years and into the first half of 2022 changed significantly in the second half of the year and was punctuated by a December freeze that saw new listings fall to all-time lows statewide,...

Buyers and sellers shelter in place as home sales slow across the state

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Although increases in inventory are helping to restock what were nearly empty cupboards across the Denver metro and statewide housing markets over the past few years, the typical year-end housing slowdown is being fueled by some interest rate uncertainty, as well as speculation and hope for what spring 2023 may offer to patient buyers, according to the...

Homebuyers Make Gains in the New Market

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...

Fewer Owners Challenging Property Taxes

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...

Rising interest rates and inflation magnify market slowdown

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...