what 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.
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prices increase 9%, inventory remains historically low in hot denver housing market
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According to the Denver Metro Association of Realtors (DMAR), the average home is staying on the market for just four days. The month of March saw appreciation at a staggering 9 percent, and the average purchase price is now $705,000.
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.
Read Morewhere denver's real estate market stands entering 2022 selling season
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The Denver metro's real estate market is one of the most compelling in the nation, and this year will prove telling about its future direction.
Read Morenearly 80% of denver homes off the market within 2 weeks
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Not only are buyers facing rising interest rates, but home prices continue to soar, too. Right now, homebuyers are currently facing one of the priciest housing markets in history—and, in turn, the average purchase loan size has grown
Read Moredenver’s median home price climbed nearly 15% to $659,000 from january to february. why is this happening?
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“A house is still worth what somebody is willing to pay for it,” Rhead said. “And because of the lack of inventory, because of the number of buyers out there and the qualifications of those buyers, it’s just going to continue to raise the market value.”
Read Moredenver housing market: new year, more inventory?
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Metro Denver homebuyers who thought it was tough to find for-sale homes in December will be sorely disappointed if they thought a new year would bring more inventory.
Read Moreshowingtime data reveals seattle and denver are the nation's most active markets, while only the south region saw an uptick in showings per listing year-over-year
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The latest data from ShowingTime, the residential real estate industry's leading showing management and market stats technology provider, shows that Seattle and Denver lead the nation in buyer demand even as we head into the typically cooler late fall and winter seasons.
Read More3 mountain homes in colorado that you can buy for under $200k, $300k and $400k
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If you’ve been looking to buy a home these past few months around Denver, you probably know how unimaginable, absurd and downright rude real estate prices have become.
And that’s with things improving. Listings stayed on the market for an average of 11 days as of last month; the median home price fell to $581,000 (down from a $600,000 all-time high in June).
Read Morewhy do homebuyers and sellers rarely meet? here’s what can go wrong
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As a general rule, real estate agents frown on buyers having face time with sellers because things can go wrong. A whole lot of things, in fact. Even seemingly innocent comments could land buyers or sellers in hot water—and jeopardize the entire real estate deal.
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