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Results for: colorado springs

REALTORS® Use Historic Perspectives to Find the Right Price

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...

Swift Market Changes Make for Statewide Surprises

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...

July Teases the Start of a New Real Estate Game for Second Half Of 2022

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...
House for sale with an up close view of the "for sale" sign"

Up, Down & Sideways in the Real Estate Market

Since the real estate market has cooled just a bit in June, as reported by CAR’s Market Trends, REALTORS® are left to prognosticate about the future of the market. “The analogy that really conveys to us what’s happening is just that we’ve hit the summit,” said CAR Spokesperson Matthew Leprino. “We’ve climbed to the top of the mountain and we’re...

Statewide and Local Housing Data Shows Jump Up in Housing Inventory Numbers

The number of single-family homes and condo townhomes for sale increased 44% from May to June 2022, but median home sale prices are up more than 10% both locally and statewide.  REALTORS® around the Denver-metro area provide some reasons why and explain how buyers are adapting to a new real estate market. “As fears of inflationary pressures reach households through...

A step toward normalcy but no reason to celebrate yet June numbers reflect dramatic changes and complexities of massive, highly reactive housing market

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite a massive influx of new inventory hitting the Denver metro and statewide housing markets over the past month, fears of inflation, rising interest rates and a host of other key variables are changing conditions for both buyers and sellers alike, according to the June 2022 Market Trends Housing Report from the Colorado Association of REALTORS®....

Rising interest rates and inflation fears help pump the brakes on housing market pushing inventories higher and keeping median pricing flat

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Buyer trepidation fueled by rising interest rates and inflation fears continued to contribute to an improving bottom line for housing inventory and helped keep median pricing relatively flat across the seven-county Denver-metro area and in markets statewide, according to the May 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New listings for single-family...

Interest Rates Change, Sale Prices Stay, Balance Predicted in CAR’s Housing Affordability Index

REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo. Summit County data showed that 81% of homes in the county were priced at...

Congratulations to REALTOR’S® Who Completed NAR’s Fairhaven Challenge!

Congratulations to firms that had at least 75% participation rate, and in some cases 100% completion rate, for NAR’s Fairhaven Challenge during Fair Housing month! These single-, small-, and medium brokerages put their fair housing law knowledge to the test by completing the online simulation. These companies will earn some sweet Fair Housing merchandise. CAR’s Diversity and Inclusion Committee congratulates...