April brought another seasonal increase in new listings, pending listings, and sales compared to last month. The count of listings that were actively available for sale at the end of April reached 2,904. This is the first time we’ve seen active listings above the 2,000 mark since November 2021.
Read MoreREcolorado offers a variety of tools so you can be the go-to expert with answers to your client’s market-related questions. Our Learning Paths collect relevant videos, webinars, how-to guides, and classes so you can find the training resources you need to sharpen your market statistics stills. Market Stats Learning Path >> Denver Metro Area The spring […]
Read MoreREcolorado offers a variety of tools so you can be the go-to expert with answers to your client’s market-related questions. Our Learning Paths collect relevant videos, webinars, how-to guides, and classes so you can find the training resources you need to sharpen your market statistics stills. Market Stats Learning Path >> Denver Metro Area The buyer’s […]
Read MoreYou’ll notice something exciting in REcolorado Market Watch this month — a new format, fresh look, and even more great stats! The updated report includes: Both year-over-year and month-over-month trends in every chart Housing market activity broken down by price range Active and Pending listing data to see both a point in time and what’s […]
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Demand was strong in 2021 as buyers quickly scooped up available inventory as mortgage rates remained low. Throughout the year, New Listings struggled to keep pace with demand and, as a result, available inventory hovered at record-low levels. In 2021, the Average Closed Price for a home also hit record levels surpassing the $610,000 mark. […]
Read MoreAt the close of the year 2021, demand drove year-over-year prices up while new listings struggled to keep pace. We saw record-high prices for homes across Colorado, including the Denver Metro Area. Read on to find the latest REcolorado Market Watch reports for the Denver Metro Area, Routt County, and Chaffee County. Be the Market […]
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Median Sort the data points from high to low, count the total number of data points and then find the middle of that total. The median tells us the middle value or, what is most commonly occurring in the market. This metric is preferred because it’s not affected by outlying data at the tail ends […]
Read MoreWith only one month remaining in 2021, the housing market is on pace to break records in terms of both closings and prices. Buyers remain eager to purchase homes, due in part to low mortgage interest rates, and are taking homes off the market so quickly that new listings are struggling to keep pace with […]
Read MoreA warm and dry fall created the perfect conditions for buyers who want to continue their home searches. After a surge during the summer months, home prices began to level off in the later part of the year. Still, home prices in the Denver Metro Area are 17% higher than we saw at this point […]
Read MoreAt the end of the third quarter, housing market indicators continued to reflect a competitive market with demand from home shoppers that has rebounded from the pre-coronavirus level. Throughout the year, buyers have scooped up listings quickly. Home prices began to level off over the last couple of months, but are still higher than 2020 […]
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