Chuncey Foreman Denver Colorado Realtor & Real Estate

  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube
  • Home
  • Get Your Freebie
    • Unlock the True Value of Your Home
    • Gain the Edge in Your Property Search
    • Book a Time to Chat
  • Search
    • Advanced Search
    • Map Search
  • Our Story
    • Get to Know Me
    • Mission and Vision Statement
    • Client Testimonials
    • Frequently Asked Questions
  • Contact
  • Insights & Inspiration

Market Trends Report | SEP. ’22📺

September 6, 2022 By Chuncey Foreman

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 some individuals will take this as a sign that the real estate market is about to crash, Denver Metro has seasonality in its market, and this is an example of that,” commented Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “With so much instability in the economy and the world, it is difficult to forecast how the housing economy will be impacted. Interest rates are still the biggest factor in their impact on buyer demand as they directly correlate to monthly payments. As the Fed fights inflation, interest rates will continue to be a conversation topic.”

Year-to-date, the Denver Metro is up 8.49 percent in median sales price. That translates to the average homeowner gaining $49,233.51 in equity. New listings dropped 15.50 percent year-over-year. Sellers are no longer incentivized to move as their current interest rate is significantly lower than what they could get if they bought.

Filed Under: homeownership, Housing Market Updates, Market Trends, market trends

Recent Posts

  • Market Trends Report | JUNE. ’23📺
  • Home Prices Didn’t Crash After All
  • The True Value of Homeownership
  • First-Time Homebuyer Success Keys
  • Selling Now: Expert Insights & Benefits
  • Vacation Home vs Renting: Benefits
  • Owning Home Shields Against Inflation
  • Winning Colorado Property Assessment Appeals
  • Expert Agent: Essential for Homebuyers
  • MAY 2023/JUNE 2023 NEWSLETTER
* * , *
{{{disclaimer_txt}}}
Listing Data last updated: 6th June, 2023 17:00 MST
Equal Housing Opportunity
Privacy Policy
Service by Buying Buddy® IDX CRM
Copyright © 2003 - 2023 Buying Buddy. All rights reserved.
Equal Housing
Blue Fire Group    Real Estate Websites
© 2023 Copyright
LAC
Buying Buddy    Powered By Buying Buddy ®