denver housing market slowdown gives first-time buyers new opportunities
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September’s Denver Metro real estate market experienced a seasonal slowdown, with new listings, pending sales, and closed sales declining.
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demand is soaring in westchester’s housing market
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Westchester continues to experience sale declines due to record-low inventory, according to Houlihan Lawrence‘s Q3 market report. As the Westchester housing market fails to meet buyers’ needs, both home sales and pending contracts have diminished. According to the report, home sales in Westchester were down 20% while median sale price went up 6.7%
Read Moreconnecticut housing market 2023: trends & house prices
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With tight inventory levels and still-high prices, the Connecticut housing market shares many similarities with the national market. Here’s a closer look at Connecticut’s current real estate trends and where the market might go for the rest of 2023.
Read Morefairfield county is experiencing pandemic building boom. it's not expected to end anytime soon
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During the COVID-19 pandemic, from 2020-22, more than 3,900 new apartments were built in Fairfield County as a result of the so-called “pandemic building boom. “ The highest number of new rental units were added to the market last year and it’s a trend that is expected to continue into next year
Read Moreseasonal 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 Morehomes are staying on market longer in the Denver metro. That’s good news for cash buyers
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More homes on the market should be a good thing for people that have the cash to buy. But home prices still haven’t come down all that much even as the market stalls out.
Read Moredenver's new builds can't meet housing demand
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New Denver homes are popping up and selling quickly, but supply still can't match demand.
Why it matters: As U.S. mortgage rates hit a 20-year high, golden handcuffs are locking up Denver's housing inventory, and that's fueling buyers' appetite for new builds, according to real estate experts.
Read Morehere are the 4 most unexpected housing market trends for 2024
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High inflation and the Federal Reserve’s action to tame it slammed the brakes on one of the hottest housing markets in history, and 2023 will go down as a year where too many buyers had too few houses to choose from.
Read Moredenver homebuyers see some relief as closed price-to-list price ratio drops
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With a near-record low number of homes available in the Denver metro in July, it’s still officially a seller’s market. Still, some buyers are seeing a little relief as the closed price-to-list price ratio dropped slightly below 100%.
Read Morethe hottest U.S. housing markets
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Much of the housing market remains frozen in place as mortgage rates trend up and existing homeowners remain reluctant to give up their sub-4% interest rates. This means a "hot" market today is more likely one that has returned to the basic fundamentals of demand, supply and relative affordability.
Read Moremassive 21-foot-tall sculpture of 'ancestral goddess' unveiled in colorado
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A stunning new sculpture has popped up in Colorado and it's one you'll definitely want to check out.
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 Morect homes still getting premium prices in july, but sales down
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Hot off Connecticut's record mansion sale and with a few more big deals in the works, overall home prices continued to inch up in July as buyers sifted through a historically low number of properties on the market.
Read Morethere are so few homes for sale under $500k in denver, the realtor association has stopped analyzing them
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Homes in the Denver area have gotten so expensive, the metro's realtor association has stopped analyzing the sales of houses under half a million dollars.
Read Morenot so hot july: low inventory, interest rates keep colorado housing market calm
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The latest Market Trends Housing Report from the Colorado Association of Realtors shows the single-family home inventory in the seven-county Denver metro area dropped 3% between June and July and is 28% lower than in July 2022.
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 Moredenver top in nation for rent gains, outstripping income gains since great recession
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Metro Denver apartment rent inflation has outstripped income gains by a higher margin than in any other major city in the U.S. since 2009, according to a study from Clever Real Estate subsidiary Real Estate Witch.
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 housing market 2023
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The Denver real estate market may be reaching an inflection point after years of rising home values as buyer demand adjusts to rising mortgage rates. We look into the current market trends for buyers and sellers.
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