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Latest News: Market Conditions

August 2022 Market Update

In what felt like a blink of an eye, we find ourselves on the fall side of summer. As with many Augusts, we saw a seasonal shift in the Denver Metro market in addition to rising interest rates. Inventory is

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July 2022 Market Update

It is important to differentiate between a recession and a slow down in the real estate market. While inventory is up 21.5% from June and 81% from July 2021. Active listings are still 21% lower than in 2019. Interestingly enough

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June 2022 Market Update

June brought what we’ve all been waiting for, inventory. Active inventory ticked over 6,000 units and for the first time since June of 2020, there is more than one month’s inventory available. Denver is still a ways off from being

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Market Update May 2022

May in the Denver market brought an increase of average days on market, a slight dip in average closed price, and a jump of almost 14% in inventory. While these are all signs of the market moving toward becoming more

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April 2022 Market Update

Spring is in full swing in Denver and while April saw a 44.26% uptick in inventory, it was quickly snapped up by eager Denver buyers. The average property was on the market for just 8 days in April. 6,881 new

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March 2022 Market Update

While March finally saw an uptick in inventory, continued demand has finally pushed average home prices over $700,000 to $705,812 in the Denver Metro area. Month-end inventory was up 81%. This number sounds impressive, but resulted in only 995 more

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Rino Denver

February 2022 Market Update

As we look back at the statistics for February, inventory and demand continue to plague buyers in the Denver market. To give a better picture of the inventory situation, consider that the record-high for February was in 2006 with 25,484,

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January 2022 Market Update

After a lull over the holiday season, the Denver housing market generally sees about a 70 percent increase in new inventory in January. This January the Denver market only saw a 31 percent increase. While these numbers can be attributed

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Where are 2022 Interest Rates Headed?

As 2022 kicks off with record-low inventory and increasing interest rates, we reached out to Erik Henderson, a Branch Manager and Loan Officer at Northpoint Bank, to get some insight on where he sees rates headed this year and what

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Downtown Denver Wazee

December 2021 Market Update

As we look back on the final numbers for December and reflect on 2021 as a whole, a few trends stick out. 2021 was a strong seller’s market. This was due in part to record-low inventory levels combined with a

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November 2021 Market Update

The snow is finally falling, but the real estate market in Denver hasn’t quite cooled down yet. Buyers are looking to find homes while interest rates are still low, so sellers are still seeing multiple offer situations and record-high sales

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October Market Update

While no all-time records were broken this October, just about every October record was broken. This October featured the least amount of listings, the highest average close price, and the lowest days on the market of any October on record.

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What Happened with Zillow? A Realtor’s Perspective

It all started with the Zestimate. Launched in 2006, Zillow created an algorithm that they believed accurately predicted a home’s value based on comparable neighborhood sales. In the next few years, millions of people used Zillow as a resource for

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September 2021 Market Update

As the fall chill blew through Denver this September, it did nothing to cool down the market. After the inventory lull in August, the moderate increase in September inventory felt significant and gave buyers more options. The number of closed

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August 2021 Market Update

Seasonality is always a factor in the real estate market. This transition season between summer and fall, had a lot of buyers sitting August out. Many Denverites took advantage of a final summer vacation and almost all school-aged kids prepared

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July Market Update

At first glance, the July numbers suggest a cooling market, but in a broader context, buyer competition doesn’t look to be letting up quite yet. Inventory ticked up this month, but it was still the lowest inventory for July on

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June Market Update

We generally see the peak of the busy season in June. 2021 was no different. Denver saw record-breaking stats for the number of closings, average close price, and new listings. The June inventory increased 50.46% over last month. For reference,

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May Market Update

As spring turns to summer, the real estate market in Denver continues to be competitive for buyers. This year, for the first time in 13 years, the inventory at the end of May was actually less than the beginning of

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April Market Update

The Denver market continues to race forward into spring. Inventory in April was up 35.03% over March, but that still made for the lowest April inventory on record. 6,699 listings hit the market in April, but by the month’s end,

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March Market Update

As spring arrives, the market in Denver usually picks up. What does this mean for a year that never slowed down? Even more competition and not nearly enough inventory to keep up. The average days in the MLS for homes

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February Market Update

February 2021 saw many of this winter’s trends continue. Low average days on market, limited inventory, and creative offers characterize the market. It is hard to overstate the speed at which homes are being listed and going under contract. The

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January Market Update

The Denver market continues to see high demand and increased appreciation even in January. While we often see reduced available inventory in the winter months, this January was a new record low with just 2,316 active listings at month-end. New

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December Market Update and Year End Review

The close of December brought the end to a year that no one could have expected. The month ended similar to the whole of 2020, with record-low inventory and record-high sales volume. December ended with 2,541 active listings on the

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November Market Update

November 2020 in Denver saw record highs and lows in the Denver market. It is important to remember that the residential market generally follows a seasonal pattern and it is normal to see lower inventory in the winter months. Even

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October Market Update

In October in Denver, the market tends to slow down as the weather cools off, but not surprisingly, 2020 was a little different. The record-low inventory continues with only 4,821 active listings. This spring’s pent-up demand continues to have a

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