Tag: Andrew Abrams
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Denver home inventory, prices and closings down in October as market continues cooling
Denver’s residential home inventory declined slightly in October to 7,290 homes, but this still marked a 116% year-over-year increase, according to the Denver Metro Association of Realtors Market Trends report released Thursday. As the number of available for-sale homes declined, the number of closings dropped 24.64% to 3,315 last month. While inventory is still below…
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Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors Market Trends report. The average sales price for multifamily…
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Report: Metro Denver’s home sales market shifting a bit toward buyers
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Metro Denver’s home sales market continued its march in July toward a more balanced market between sellers and buyers as average home sales prices dropped again and inventory continued to rise, according to a Market Trends report released Wednesday from the Denver Metro Association of Realtors. The report shows the average closing price for single-family…
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More homes hit Denver market, but prices still rising
While more Denver-area homes hit the market in April, the supply doesn’t seem to be slowing rising prices, according to the newest report from the Denver Metro Association of Realtors. There were 3,204 homes, both single family and condominiums, listed for sale in April. That’s a 44% increase from the number listed in March and…
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Denver’s residential real estate market paying big dividends
With just 1,226 homes for sale at the end of February and average prices inching up again, metro Denver’s residential real estate market shows no signs of slowing down in 2022, according to a Market Trends report released Thursday by Denver Metro Association of Realtors. Average sales price rose to $647,776, up 6.58% from January…
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Metro Denver homebuyers see another drop in inventory
Buyers looking for homes in the metro Denver market found the cupboard historically bare in January, with about 10 times fewer homes available for sale than in a “normal” market, according to a Market Trends report released Thursday by the Denver Metro Association of Realtors. Only 1,184 single family homes and condominiums were available in the…
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Denver housing market: New year, more inventory?
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. That lack of inventory is expected to drive double-digit percentage price increases again in 2022, according to the Denver Metro Association of Realtors’ January report, released Wednesday.…
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Where’s the homes for sale in metro Denver? Record low inventory creates ‘extreme seller’s market’
With the fewest number of homes for sale in metro Denver in November since records have been kept, the Denver Metro Association of Realtors warned its members in an email Friday: “Get Ready for an Extreme Seller’s Market in 2022.” And here we thought that described Denver’s 2021 home sales market, with record-high average sales…