Key findings from the May 2017 research report include:
New and active listings in May were up approximately 10 percent across the state over the prior month. However, year-over-year active listings are down more than 32 percent.
Median sales price for a single-family home in the Denver metro area inched slightly higher in May to hit another record high: $407,000.
...
Citing Housing Shortage, Builders Push for Friendlier Laws
The real-estate industry argues laws making it easier for homeowner associations to sue over alleged shoddy construction drive up insurance costs and builders’ expenses
Construction at the Regional Transportation District’s Westminster Station in Metro Detroit in early July 2016. While home prices have risen at a double-digit rate for three years, the head of...
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...
Posted on
January 12, 2017
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...
Posted on
December 14, 2016
WASHINGTON (December 14, 2016) — Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors®.
In NAR's fourth quarter Housing Opportunities and Market Experience (HOME) survey 1,...
Posted on
December 13, 2016
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...
Posted on
November 10, 2016
Single family and townhouse/condo listings down more than 30 percent since July peak.
While the median sales price for single-family homes and townhouse/condominium units between September and October 2016 remained relatively flat, $337,000 and $252,000 respectively, a shrinking inventory of active listings across the state continues to play a significant role in the overall housing market, according to the latest statewide...
Posted on
October 12, 2016
Median sales price for Colorado’s single-family homes dips for second time in three months while condominium/townhouse prices increase.
The median sales price of a single-family home in Colorado has dropped for the second time in the past three months to $336,700. The one percent dip comes on the heels of a flat August and a nearly 3 percent dip reflected in...
Weak inventory challenging to both buyers and sellers.
There were more new listings and sales of both single-family homes and condominiums/townhouses in Colorado in April than in March but both categories still lagged significantly behind a year ago according to statistics announced today by the Colorado Association of REALTORS (CAR).
Single-family home listings increased 11 percent to 10,725 and sales improved by...
Senate Concurrent Resolution 004: Real Estate Transfer Tax For Affordable Housing.
We are happy to report that SCR16-004, Real Estate Transfer Tax for Affordable Housing sponsored by Senator Ulibarri (D-Commerce City) died in committee on April 20th. The LPC opposed this bill and CAR gave testimony against the legislation in the Senate State, Veterans, & Military Affairs committee hearing. This concurrent...
