Latest News: Market Conditions
November Metro Denver Market Review
In November, the Denver Metro real estate market saw familiar seasonal patterns with a few noteworthy twists as inventory declined. With interest rates hovering around 7%, buyers saw more inventory, seller concessions, and price reductions. The median days on market
October Metro Denver Market Review
In October, the Denver Metro real estate market highlighted a balancing act between buyer opportunity and seller resilience. Inventory levels continued to rise, creating a shift in pace that gives buyers more breathing room and negotiating power while sellers still
September Metro Denver Market Review
September brought some interesting changes to the Denver Metro real estate market. After years of a strong sellers’ market, things are starting to balance out – at least a little. Buyers are gaining some leverage with increased inventory and higher
August Metro Denver Market Review
August in Denver’s real estate market showed clear signs of seasonal shifts and ongoing economic adjustments, with affordability remaining a significant challenge. With inventory up 1.32%, buyers have more choices, and with median days on the market up 31.25% to
July Metro Denver Market Review
July has always been a unique month for Denver’s real estate market. Historically, it’s a time when people take a break from buying and selling to enjoy the summer. But this year, the market has shown some surprising trends that
June Metro Denver Market Review
Seasonality, persistently higher interest rates, and increased inventory characterized the Denver real estate market in June. At the end of the month, we had 10,214 active listings in the eleven-county Denver metro area, marking the highest level since September 2013.
May Metro Denver Market Review
The Denver real estate market experienced notable shifts in May 2024, influenced significantly by persistent higher interest rates. As of June 3rd, there are 9,159 active listings in the eleven-county Denver metro area, the highest number since 2012. For context,
April Metro Denver Market Review
April brought a mix of optimism and challenges to the Denver real estate market, with resilient buyers driving continued activity despite financing pressures. Despite challenges posed by rising interest rates, buyers remained resilient, eager to seize opportunities presented by increased
Navigating the Changing Landscape of Real Estate: Understanding the Recent NAR Settlement
Recent events have brought significant changes to the forefront of the ever-evolving world of real estate, sparking discussions and raising questions about the role of real estate agents and the commission structures associated with buying and selling homes. As a
March Metro Denver Market Review
March marked a pivotal moment for the Denver real estate market, ushering in spring with a boom in activity marked by industry developments and market dynamics. From February, March brought a 16.27% increase in new listings and ended with a
February Metro Denver Market Review
The market is blooming, even if spring hasn’t officially sprung here in Denver. Active listings are up 45.87% from last year to 5,511 homes. Pending listings, 3,514, are outpacing new, 4,243, but increased buyer activity this month will continue to
January Metro Denver Market Review
As we delve into the latest developments in the Denver real estate market, the backdrop of the broader economy sets an optimistic tone. A robust GDP growth rate of 2.5% in 2023 and promising signs for the future set the
December Metro Denver Market Review
Last year, Denver’s real estate market faced the hurdles of limited inventory and seemingly relentless interest rate hikes. Despite these challenges, a balance emerged, offering stability for both buyers and sellers. Sellers bid farewell to the frenzy of multiple weekend
November Metro Denver Market Review
In November, the Denver Metro Area’s real estate market showcased significant seasonal shifts and unique opportunities for both buyers and sellers. When examining November’s data, contrasting narratives emerge. Comparing November 2023 to November 2022 reveals marginal differences: active listings increased
October Metro Denver Market Review
Denver’s real estate market is dynamic, embodying a critical balance between challenges and opportunities. While the anticipated seasonal slowdown hit Denver in October with a 16.84% decrease in inventory month over month, active inventory was actually up 2.63% from last
September 2023 Denver Market Update
As the Denver weather cools down, so does the real estate market. Increasing mortgage rates and inventory have created a much different environment than the busy summer season, creating new opportunities. New listings have dropped 5.92% from August, but we
August Market Update 2023
As we delve into the August Metro Denver real estate market stats, rates and inventory are two strong influences. Buyers continue to take time to get comfortable with current mortgage rates, all while there is still a significant inventory crunch.
July Market Update 2023
Amid persisting interest rates and rising average days in the MLS, the Denver market still shows signs of strength and tenacity. Inventory was slightly elevated this month at 6,299 homes for sale, a 3.76% increase from last month. Median home
June 2023 Market Update
The Denver real estate market is undergoing a period of adjustment as buyers face continued rate increases and sellers manage the higher expectations of buyers. The height of summer often marks the beginning of a slower season in Denver as
May 2023 Market Update
The Denver real estate market showcases resilience and adaptability as the summer season unfolds, despite mortgage rates ticking above 7% and limited inventory challenges. While the market may feel slightly different, buyers and sellers remain optimistic and committed to navigating
April 2023 Market Update
The Denver metro market continues to experience limited inventory as the spring selling season picks up. Average days on the market was down 21.62% to 29 days, and the average home price was up to 2.56% to $682,061. These positive
2023 Property Tax Valuations
Many homeowners in Colorado were surprised when they received their property tax valuation notices this spring. Denver County saw an average increase of 33%, while Douglas County experienced a 47% increase. The median increase in the state was 40%. These
March 2023 Market Update
The end of March marks the beginning of spring for the Denver Metro market, so where do we stand? At month’s end, listings were up 19.53%, and closed homes were up 32.29% month over month. This increased activity has brought
February 2023 Market Update
After a chilly January, February in Denver saw both the weather and the market heat up. While mortgage rates remain a significant factor, homes are still selling as rates change. Higher rates have trained buyers to be incredibly discerning, but
January 2023 Market Update
January in Denver, we saw many classic signs of the real estate market reawakening, with new listings up 65.20% and pending listings up 50.61%. Still, those worried about a runaway seller’s market have some hope. Considering year-over-year data, January was