Results for: first time home buyers

Early spring housing market delivers strong volume of new listings, active buyers, and higher prices across metro area and state

ENGLEWOOD, CO – The early spring housing market kicked in during March with solid double-digit increases in new listings across the seven-county Denver metro area and state with a highly active buyer market, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state. The combination of...

House sellers re-engaged in January and buyers responded

Conditions set the stage for a busy, competitive spring market ENGLEWOOD, CO – With the turn of the calendar and a dip in interest rates improving both attitude and buying power, sellers re-engaged, and buyers responded, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state....

Buyers and sellers exercising patience as they hibernate through the winter

ENGLEWOOD, CO – A combination of economic factors magnified the typical seasonal slowdown in the housing markets with new listings plummeting more than 25% across all property types in the seven-county Denver-metro area and statewide markets, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state....

Home Sales Drop Across Colorado as Mortgage Rates Continue to Stymie the Market

ENGLEWOOD, CO – Despite inventory beginning to reach healthier levels in select metro and mountain areas of the state, other markets are seeing reductions in inventory of up to -63% in some neighborhoods due to the lack of new listings, proving yet again that all real estate is local, according to the latest Market Trends Housing Report from the Colorado...

Buyers and sellers settling into the new normal

ENGLEWOOD, CO – Whether in the seven-county Denver metro area or in housing markets statewide, continued higher mortgage interest rates have kept many buyers on the sidelines, as sellers face a growing pressure to adjust pricing and make concessions to get deals completed, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis...

Fast-paced spring housing market never arrived; Smaller pool of buyers starting to have a little more ‘fun’

ENGLEWOOD, CO – The typical fast-paced spring housing market just never materialized as higher interest rates and a less than eager group of potential sellers kept transactions limited and prices steady, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Despite the ongoing challenges, a smaller pool of buyers began to have...

Concert tickets or homes – the search is demanding, inventory limited, and prices are ticking up

For buyers and sellers, the trick is being ‘just right’ ENGLEWOOD, CO – If you thought finding tickets to Taylor Swift’s upcoming Denver concerts was a challenge, the search for homes in Colorado hasn’t gotten much easier either, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Despite a double-digit percentage bump...

Colorado Among 5 Most Expensive States for First Time Buyers

Colorado ranks fourth in the nation for states with the highest average down payment for first-time buyers, according to a new report from Moneywise. Moneywise ranked all 50 states based on median home price on Zillow and an average down payment of 13%, according to the National Association of REALTORS®. “Affordability is certainly an issue for first-time buyers, there’s no question...

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...

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

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...