The number of new homes that entered the market in December decreased from November by 35.19 percent. Typically, the market sees a seasonal decline in new listings as sellers pull back to focus their time and energy on the holidays. However, throughout the year, inventory has gradually increased, resulting in homes staying on the market… [Read More]
Market Trends Report | DEC. ’22📺
Detached active listings at month end dropped to 4,572, a 16.02 percent decrease from last month, while attached homes dropped 8.94 percent to 1,681, representing a 216.62 increase year-over-year for detached homes and a 109.08 increase year-over-year for attached homes. While inventory increased from last year, the market is still witnessing the typical end-of-the-year inventory… [Read More]
Market Trends Report | NOV. ’22📺
As the Denver market normalizes, active inventory declined slightly to 7,290 homes at month’s end. However, this is an increase of 115.94 percent year-over-year. While this number reads as a jump, the current inventory is still less than the pre-pandemic inventory numbers of 8,557 active listings in October 2019. Rising inflation and interest rates are… [Read More]
Market Trends Report | OCT. ’22📺
As the Denver real estate market continues to evolve and change with the weather, the question on everyone’s mind is whether or not we are in a buyer’s market. Traditionally, a market with less than three months of inventory is considered a seller’s market. In direct relation to that, a market with more than six… [Read More]
Market Trends Report | SEP. ’22📺
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020 to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. “While… [Read More]
Market Trends Report | AUG. ’22📺
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing… [Read More]
JULY/AUGUST 2022 NEWSLETTER 🎙️
PURCHASES ARE DOWN…IS THE SKY FALLING? Locally, housing inventory is back on the rise after what felt like the most competitive two years. Colorado buyers have slowed their frenetic pace, and many have completely hit the brakes on their home purchases. They are afraid of the current recession and how bad things may get. Rising… [Read More]
Market Trends Report | JULY. ’22📺
As month-end active inventory skyrockets, the Denver Metro hit a new record for the average price of attached properties at $504,193. At the end of June 2021, Denver Metro ended with 3,122 properties on the market. It has almost doubled over the year, with a total of 6,057 properties currently sitting on the market. Buyers… [Read More]
JUNE/JULY 2022 NEWSLETTER 🎙️
A quick anecdote before we dive into the current state of housing inventory: While most of us have started to sweat every time we fill up our gas tanks or pay the energy bill, wealthy buyers in Aspen are trying to outbid each other on ultra-luxury homes that are not even for sale. As the… [Read More]
Market Trends Report | JUNE. ’22📺
After consecutive months of appreciation, negotiations, and bidding wars, modest numbers this month became a sign that the market has returned to a semblance of ‘normal.’ The housing market ended May with 3,652 properties on the market, representing an increase of 448 properties from the previous month, which is seasonally on-trend. In addition, closed sales… [Read More]