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Uncategorized May 2025 Denver Market Overview | All we need is just a little patience Cue up some GNR and listen to Axl belt out Patience!  It may help navigate this Denver market.  The DMAR May report is spot on: “The Denver Metro housing market right now is a masterclass in patience. Whether you’re a buyer waiting for the right home to hit the market or a seller holding out […]
Uncategorized April 2025 Denver Market Overview | April Showers bring… April showers brought unpredictability and higher inventory to the Denver Market. Bullet points with April stats: ~ The median sold price for single family homes (including attached and detached) in April is $607,000 which shows a slight increase (1.51%) from last month (March) and a slight increase of .83% from last year. ~ The average […]
Uncategorized March 2025 Denver Market Overview | March Madness? Megan Aller with First American Title is spot on with her comments on the current Denver market: “Volatile, uncertain, spotty, and nuanced—those are the words that best capture what’s happening across metro Denver’s real estate market right now. This market continues to be one of sharp contrasts—homes are either ‘hot’ or ‘not’.’’.  I am seeing […]
Uncategorized February 2025 Denver Market Overview | Spring is in the air   The current market is quite interesting.  While some listings are seeing multiple offers and quick sales, other listings are sitting and sitting.  The number of active listings increased this month, marking a significant year-over-year rise.   Pending transactions increased over January numbers indicating an uptick in buyer demand. Prices continue to rise, with both average and […]
Uncategorized January 2025 Denver Market Overview | New Year, New Inventory January saw an influx of new inventory in the Denver Metro housing market.  New January listings increased over 100% from last month (December) and increased just under 32% from last year in January.   Median sold price decreased very slightly (.51%) from last month and saw a very slight 1.77% increase year over year.  Days on […]
Uncategorized December 2024 Denver Market Overview | Holiday Slow December is typically a slow month for real estate.  Colder temperatures and holiday activities tend to slow both buyer and seller activity.  December 2024 was no exception.  Inventory decreased drastically as Sellers decided to wait for a more hopeful spring season.  Median sold price remained unchanged from last month and saw about a 5% increase […]
Uncategorized October 2024 Denver Market Overview | Trick or Treat? Trick or Treat?  It depends on the timing in our October market.  Libby Levinson-Katz, Vice Chair of the DMAR Market Trends Committee is on point with a summary of the Denver October market stats: “The October market data showcases a tale of two markets. In the first half of the month, buyers were lured back […]
Uncategorized August 2024 Denver Market Overview | Seasonal Cool The influx of new listings has outpaced the number of closings. Since the beginning of 2024, sellers have brought 41,573 new listings to the market, while only 28,224 homes have closed during the same timeframe. Homes are spending an average of 37 days on the market before selling—23% longer than last month and 42% longer […]
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Uncategorized June 2024 Denver Market Overview | Summer slump At the end of the month of June, the Denver market has more than 10,000 active homes, something we have not seen since 2013.  Home sellers are returning to the market but are finding buyers hesitant.  June 2024 saw a shift from traditional trends, as retraction grips the Denver market. Properties selling over asking price […]
Uncategorized February 2024 Denver Market Overview | Heating up The market is starting to heat up.  I can see it in the numbers and also feel it when I am “out in the field” (assisting both sellers and buyers).  Closed listings are up 40% from last month, showing that buyers are out there and ready to secure a home.  Buyers were active in February, […]
Uncategorized December 2023 Denver Market Overview | That is a Wrap With much of the 2024 year seeing mortgage rates increase, December was a welcome month.  Mortgage rates fell steadily in December and Buyer activity picked up in the Denver Metro area. Throughout the month of December, Buyers executed contracts on 2,469 listings, which is an increase of 13% compared to last December. The number of […]
Uncategorized November 2023 Denver Market Overview | ‘Tis the Season Home buying activity has continued to see typical seasonal decreases as we have approached the Winter months. Closings were down when looking both year over year and also month to month comparisons.  Homes are staying on the market longer as buyers carefully weigh decisions.   Home buyers in November 2023, executed contracts on more homes […]
Uncategorized October 2023 Denver Market Overview | Not spooky, just more normal Although increased mortgage rates and elevated home prices continue to impact the Denver metro housing market, people are still selling and buying homes.  When looking at historical data, this year has performed similary to the pre-pandemic year of 2019 ~ sales volume over $24 million, median days in the MLS is 11 for 2023 and […]
Uncategorized August 2023 Denver Market Overview | School slump This time of year the housing market tends to see a drop in activity as people get their final summer vacations in and plan for the upcoming school year.   This year followed suit.  Both closed units and volume dropped by 2% in August as Summer came to an end and schools are back in session.  […]
Uncategorized July 2023 Denver Market Overview | Constrained Market Housing market activity in the Denver Metro area remained constrained in July. Closings of existing homes were down 14% compared to last year. Compared to June, there was a 12% decrease in closings.   The median price of a Denver Metro area home was $590,000 in July, which is less than 1% lower than last […]
Uncategorized May 2023 Denver Market Overview | Odd, Strange, Strained In her June Market Trends report, Nicole Rueth states: “Real estate is not dire, but it is strained.  Some sellers are crushing it with 40 plus showings, 11 plus offers, and well over asking.  Some buyers are finding the deal of the year in a slower neighborhood or unperfect home.”  Her words reflect what I […]
Uncategorized April 2023 Denver Market Overview | April Showers…not bringing inventory. April showers may have brought May flowers, but they did not bring more inventory to the Denver metro area.  Inventory remains incredibly low.  Year to date, the number of new Denver Metro listings is lower than we’ve seen in more than 12 years.   Historically, the market has a seasonal increase in closings from March […]
Uncategorized March 2023 Denver Market Overview | March Madness? March Madness basketball was, in fact complete madness this year.  On the real estate front?  Not nearly as crazy as basketball, but things have started to heat up.  We saw increases in both new listings of homes for sale and closings.  Average sold prices, while down from a year ago is on the rise month […]
Uncategorized February 2023 Denver Market Overview | Slow thaw It is a little hard to tell how things are shaking out for the Denver real estate market, but it certainly feels like things are starting to heat up, at least a bit.  The number of new listings in the Denver metro and the number of closings increased from January to February.  Also, the median […]
Uncategorized January 2023 Denver Market Overview | New Year. New Market. After a completely insane two years of the market with pandemic-driven frenzy and historically low interest rates fueling record breaking years, the end of 2022 was crickets.  We wondered what the new year would bring.  Being out in the market, talking to colleagues and taking a look at January numbers all point to the Denver […]