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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The holiday season is always a magical time of year in the Mile High City. Denver neighborhoods get all dressed up in festive lights and holiday trees to embrace the winter spirit and celebrate with community events. With the city transformed, it's easy to wonder what's happening in the real estate market. While it can be easy to get sucked
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It may come as a surprise, but now is the best time to purchase a home in the Denver Metro Area. Denver's real estate market has a seasonality to it, but with the recent hike in rates, we are seeing the market correct itself more substantially than is typical during this time of
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Negative news continues to dominate the media, especially regarding the real estate market. With the latest changes to the world economy, it's clear these fears have been perpetuated to the point of panic. Let's lay out the facts. Yes, the market is slowing down, but that doesn't mean it is dead. We're just going back to where we were before
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Here in Denver, the real estate market typically goes through seasonal shifts; something we haven't seen since the pandemic. Kids are back in school, leaves are changing, and things are slowing down. As we enter this autumnal shift, we're finally seeing real estate metrics return to more normal, pre-pandemic numbers. The latest data from
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We are officially in back-to-school mode! In the greater Denver area, we tend to experience a shift from early August through Labor Day, with prices retracting and less inventory added daily. As headlines continue to read negatively, let's discuss why you should remain positive in this
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Average sales price continues to increase across the board for detached and attached homes in the Denver Metro Area. Compared to this time last year, detached homes' average sales price increased 11.5%, and 15.7% for attached homes.
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