The Denver Metro market is experiencing a seasonal shift mirroring historic real estate cycles in which the market's seasons taper off into the second half of the year. While new listings increased week over week by 0.9%, year over year, new listings have decreased by 14.1% keeping inventory tight in the Denver Metro area.
The Denver Metro
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Despite the inclement weather and tumultuous interest rates, pending sales in Denver increased month over month in June by 5.74%. Coupled with mortgage rates experiencing less volatility this month than any other month this year, we are seeing the Denver Metro area real estate market remain strong. Yes, the market is slower than last year
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When it comes to home renovations, whether a need or a want, it can be a confusing road to navigate when determining the best options to cover the costs and finding the right contractors to work with. Having some help with choosing the right path can alleviate stress and make the ability to sell or purchase a home that needs repairs or
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This month the Denver real estate market experienced several factors that took precedence over buying and selling homes. We had Memorial Day BBQs and pool parties, graduation celebrations, polarizing debt ceiling debates, and we can't forget to mention the unpredictable weather we've been experiencing. While the unseasonable rain has
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It was an interesting month for Denver real estate this April as the data was different from what we were anticipating. However, the data continues to show our real estate market is still strong despite only veering off slightly from historical averages. Traditionally at this point in our spring selling season, we see an increase in both
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March 2023 data showed some surprising numbers, even in light of current interest rates. Statistics from March continue to reinforce that the Denver market is strong, active, and fruitful. Despite tumultuous interest rates,
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We're seeing the Denver Metro area market begin to gain momentum as we head into 2023. As rates dropped from an average of 7.25% to 6.125% nationwide, we saw mortgage purchase loan applications increase by 29% in just two weeks [...]
Last month we continued to experience our annual seasonal slowdown. We saw average days in the MLS increase well over 100% for both attached and detached homes, with prices experiencing just a slight increase from this time last year. This seasonal slowdown, however, was not helped by the current economy. Interest rates continue to soar,
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