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]
Market Trends Report | MAY. ’22📺
While inventory is on the rise, so are prices. The average price of a single-family detached home in Denver Metro is $825,073, representing a 3.93 percent increase from last month. With consecutive months of increased fees and interest rates, a buyer’s monthly mortgage has also increased. The average close-price-to-list-price ratio in April for the detached… [Read More]
APR/MAY 2022 NEWSLETTER 🎙️
What Does Rising Inflation Mean for Real Estate? Not only have high winds been relentless this month, but the winds of change may also be upon us. Anyone not living under a rock has probably noticed higher prices for gas, groceries, and just about everything else. Although the inflation rate was already rising at the… [Read More]
Market Trends Report | APR. ’22📺
With a significant increase in month-end active and new listings hitting the market, a slight seasonal shift will positively impact buyers who have started to feel fatigued in the residential market. At the same time, current homeowners continue their unprecedented growth in equity. With a historically high average sales price of $705,812 and increased interest… [Read More]
MAR/APR 2022 NEWSLETTER 🎙️
REAL ESTATE NEWS FROM ECCENTRIC BILLIONAIRE TO MINIMALIST WOULD-BE ASTRONAUT Shortly after the onset of the pandemic, the panic had many people scrambling to buy as much property as possible. Housing inventory was already low in many areas when the global crisis began, and prices were steadily rising. As a result, some buyers were facing… [Read More]