denver's housing market is heating back up in 2024
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The Denver metro area ranks as the hottest housing market in the country for a second year in a row, according to a recent analysis from U.S. News & World Report.
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seasonal slowdown met by high rates in Denver housing market
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Inventory in the Denver metro region housing market is growing, and although that indicates slightly more choice for buyers in a tough market, demand is also softening, according to a recent real estate report.
Read Morewell-priced inventory is low: new york real estate in Q2 2023
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During the second quarter of 2023, New York City’s real estate market has been as volatile as our stock market. While the market for ultra-luxury apartments, both condo and co-op, has remained slow, the smaller units, which were having a run in April and much of May, have now sunk into the doldrums as well.
Read Morethere are fewer houses for sale in CT. Here’s why.
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A low inventory of homes for sale and high interest rates are creating a catch-22 in Connecticut’s real estate market: to push prices down would require more houses to go up for sale, but people don’t want to list their houses because prices are high, according to local real estate experts.
Read Moredenver-area home prices may stay flat or decline for the rest of 2023
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Prices are dropping in the metro. In July, the median sales price for a detached single-family home was $650,000, which is down from the June price. Prices have been rolling down since May after rising since January.
Read Moregolden handcuffs lock up denver's housing supply
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Mortgage holders are experiencing the "golden handcuffs" phenomenon. They might have a great rate now, but likely can't move without spending a lot more cash, explains Redfin chief economist Daryl Fairweather.
Read Moredenver’s realtor association has stopped analyzing naturally affordable homes, citing a lack of data
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No doubt, that market has shrunk. Last month, just 450 homes — including houses, condos, duplexes and townhouses — closed in that price range. That’s down by 807 closings in May of 2022.
Read Morelimited may inventory continues to drive metro denver home prices
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Despite close to 7% mortgage rates, limited supply drove home prices higher again in May.
Last month, all properties sold in metro Denver had a median closed price of $595,000, up from $580,000 in April. May was the third month in a row to record price increases.
Read Moredenver housing market: everything you need to know
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Buying and selling a home in Denver is beginning to look much different in 2023 than it has over the past few years. The Mile High City was booming well before the pandemic as newcomers flocked here to be close to the mountains and enjoy the laid-back lifestyle in one of the best places to live in Colorado.
Read Moredenver housing market forecast
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In the Denver metropolitan statistical area, though, even waning demand can’t alter the market much – not with the ultra-low supply the area is dealing with. In fact, despite the changes today’s higher mortgage rates have ushered in, Denver still ranks as the fourth-strongest housing market in the nation, according to the U.S. News Housing Market Index.
Read Morewhere denver-area home prices are changing
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There's no doubt the Denver metro's housing market is cooling, as mortgage rates that more than doubled since January have dissuaded potential homebuyers.
Read Moredenver’s housing market continues to slow as locals compete with wealthier newcomers
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Higher mortgage rates continue to make it less enticing for potential buyers to look for a new home.
Denver-area home prices continue to drop month-to-month, though they are still higher than they were this time last year.
Read Moredenver draws rich financiers with $12 million lofts, $175 sushi menus
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Colorado’s capital has transformed from a city in decline into a magnet for the affluent.
Statistically speaking, Denver’s economy is on fire. Unemployment has more than halved in the past year, GDP is expected to grow 73% faster in 2022 than the national figure and inflation — even more so than in the rest of the country — is on a tear.
Read MoreIRES: june housing inventories up, median prices mostly down from may in boulder county area
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Inventories of houses for sale in June were mostly up in Northern Colorado and the Boulder Valley, with median sales prices in June once again taking a dip from the year’s highs.
Read Morewhat’s working: here’s how the front range housing market slowed over a few weeks as interest rates rose
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More houses hit the market in June than last year. Plus: The U.S. catches up with Denver’s inflation rate, a slowdown at the unemployment office and more!
Read Morecities with the fastest-growing home prices in connecticut
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In Connecticut’s collegiate New Haven, where the median asking price for a home rose significantly over the Stacker compiled a list of cities with the fastest-growing home prices in Connecticut using real estate data from Zillow.
Read Moredrop in metro denver home sales will be steeper than expected
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Metro Denver’s housing market is facing some major headwinds that will contribute to a larger than expected drop in home sales and slower than predicted price gains, according to a mid-year update from the Denver Metro Association of Realtors.
Read Morehow hot is the real estate market near westchester? home prices rise to $680K
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The median sales price for a single-family home in Westchester County during March was $680,000. That's an increase of 0.7% compared with March 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
Read Morewhat are denver homebuyers willing to do in this competitive market?
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Denverites are willing to go further than the average American to secure a home in the city’s competitive housing market, according to a new report.
Read Morehome prices skyrocketed again in Denver and Colorado Springs in February, but people kept buying them anyway
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Home prices reaching new record highs in Colorado’s two largest real estate markets is not new in the least. The last couple of years, not only are records set in the busy summer months; they’re being set in the dead of winter, when home sales typically slow.
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