Home sales and prices in Denver slipped lower from June to July. But was that just the chain jerking on a roller coaster still headed higher or a housing market cresting its peak and about to send passengers on a wild ride? “It is typical to have a seasonal slowdown every summer, but this summer has been slower than most and...
July housing data delivers mixed bag across Colorado ENGLEWOOD, Colo. – Aug. 10, 2017 – While Colorado’s housing market remains extremely hot, seasonal factors contributed to create a mixed bag of results in Colorado’s housing market activity in July, according to the monthly statewide housing report from the Colorado Association of REALTORS® (CAR). Despite decreases in new (-14 percent), active (-3.5) and...
Across all of Colorado, there are 30 percent fewer homes for sale across state than one year ago. Active and new listings rise but strong sales, low inventory continue to shape seller’s market. Key findings from the June 2017 research report include: Peak summer housing market sees median sales prices for single family homes in the metro region, as well as statewide,...
TOP 5 LEGISLATIVE SUCCESSES AT THE CAPITOL 1) Construction Litigation Reform CAR, along with the Homeownership Opportunity Alliance, championed compromise legislation that is the first step in the right direction to building more attainable housing for all Coloradans while also protecting homeowners and giving them a voice in whether or not to pursue litigation. After more than four years of negotiations on...
Denver – Members of the Colorado Association of REALTORS® (CAR), as part of the Homeownership Opportunity Alliance (a bipartisan statewide coalition of housing advocates, business leaders, metro area mayors and builders), stood with Gov. John Hickenlooper in the West Foyer of the Colorado Capitol on Tuesday as he signed HB 1279, the Construction Defect Actions Notice Vote Approval bill, into...
Key findings from the April 2017 research report include: Following a dramatic increase in new listings in March 2017, April saw a small decline in the number of new listings for single-family and townhome/condos across the state. Median sales price for a single-family home in the Denver metro area hit another record high, $404,900. Statewide, the median sales price for...
The first gavel of the first session of the 71st General Assembly came down on Wednesday, January 11th, ushering in twenty new legislators, with six legislators finding themselves in a new chamber and three legislators returning to the legislature with previous legislative experience. The session, which will be a busy one for REALTOR® interests, got off to a quick start...
Market playing out low inventory, high demand theme. While the median price of a Colorado home remained flat in December 2016 at $315,000, buyers and sellers experienced a 10 percent increase in the median sales price over the course of the year, according to the latest statewide housing report from the Colorado Association of REALTORS® (CAR). With a median sales price...
As a first-time homebuyer, you have a lot on your mind. But, location and price are likely at the top of the list. So, where can you put down your roots without breaking the bank? Taking a look at three top categories — affordability, livability and price stability—NerdWallet ranked the best places for first-time homebuyers nationwide. Centennial, Colorado ranked 8th nationwide...
Despite typical seasonal and market factors, strong demand and record low inventory keep median sales prices for single-family homes flat while condo/townhouse prices reach a new high. While temperatures across Colorado remained more summer-like than fall throughout November, traditional seasonal real estate market slowdowns were met head-on by strong consumer demand and a continued shortage of inventory, according to the latest...