denver's housing market hit by 'unprecedented' spike in homes for sale

denver's housing market hit by 'unprecedented' spike in homes for sale

Denver's housing market is undergoing a rapid and dramatic shift as inventory levels have surged to almost double the long-term average for April, marking what an analyst calls an "unprecedented" correction in one of the nation's most expensive noncoastal metro areas.

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rising home inventory in denver reshapes market expectations

rising home inventory in denver reshapes market expectations

Despite a real estate market where home inventory is growing and sales are lackluster, Denver home prices are still creeping up slightly — although the curve is flattening.

That’s according to a new Metro Real Estate Market Trends Report on June sales, issued Thursday by the Denver Metro Association of Realtors.

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denver metro’s housing market faces ‘price stagnation’ with almost 10,000 homes for sale

denver metro’s housing market faces ‘price stagnation’ with almost 10,000 homes for sale

Homes are sitting on the market for far longer, but prices aren’t dropping yet.

Homebuyers around the Denver metro have a lot more options lately.

At the end of March, there were nearly 10,000 houses and attached residences up for sale in the 11-county area. That’s a significant jump from the same time last year, when fewer than 6,000 were listed.

That’s according to the latest report from the Denver Metro Association of Realtors.

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hot properties: 4 listings heating up the market this month

hot properties: 4 listings heating up the market this month

As Denver’s real estate market settles into the rhythm of the new year, buyers and sellers alike are watching for signs of what’s ahead. Compared to last month and this time last year, more luxury homes are hitting the market in February. But buyers have been slower to act, leading to a more gradual increase in pending sales, according to Denver Metro Association of Realtors (DMAR).

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denver housing market: prices, trends, forecast 2025

denver housing market: prices, trends, forecast 2025

As of December, the Denver housing market is showing a mix of resilience and seasonal shifts. While prices have seen a slight dip recently, there's still a lot of activity, particularly in certain price ranges. The market isn't exactly on fire, but it's certainly not frozen either. Let's dig into the details and I’ll share my thoughts and experiences to give you a clear picture.

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colorado realtors hope interest rate cut jumpstarts lackluster market

colorado realtors hope interest rate cut jumpstarts lackluster market

According to the August Market Trends Housing Report from the Colorado Association of Realtors, with more than 27,000 active listings statewide, and more than half of them sitting in the seven-county Denver metro region, potential buyers had 21% more inventory to choose from last month than they did a year ago.

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statewide housing inventory grew in august

statewide housing inventory grew in august

Despite a growing list of active inventory and motivated sellers across the seven-county Denver-metro area and statewide, buyers continue to stay away citing interest rates and pricing that has ignored the inventory increase and maintained its higher levels, according to the latest Market Trends Housing Report from the Colorado Association of Realtors (CAR) and analysis from the Association’s spokespersons across Colorado.

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colorado realtor says the fed's interest rate cut "signals a good time to make big purchases, especially homes"

colorado realtor says the fed's interest rate cut "signals a good time to make big purchases, especially homes"

A Colorado real estate broker says Wednesday's announcement by the Federal Reserve that they are lowering the interest rate by .5 percentage points was somewhat expected and that he was somewhat ready for it.

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denver’s slow summer real estate season limps to close despite inventory jump

denver’s slow summer real estate season limps to close despite inventory jump

The Denver metro’s sluggish summer selling season continued in August.

Despite active listings climbing 56 percent over August 2023, closed sales dropped last month, according to the August monthly real estate trends report from the Denver Metro Association of Realtors.

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denver housing market: prices, trends, predictions 2024

denver housing market: prices, trends, predictions 2024

Nicknamed the “Mile High City” for its elevation, Denver's housing market has reached new heights as well. Once known for affordability, Denver now boasts a competitive market with rising prices. This surge is fueled by a booming job market and a limited housing inventory.

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