Tag: Condominium Sales
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Denver inventory of for-sale homes ‘skyrockets’ in June
Evidence of the cooling Denver area home sales market mounted in June as the amount of inventory across single family homes and condominiums grew considerably from May to June, according to a report released Wednesday by the Denver Metro Association of Realtors. The amount of homes for sale at the end of June stood at…
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Is Colorado’s housing market over the peak?
The sudden rise in mortgage rates has homebuyers and potential sellers asking their real estate agents whether Colorado’s red-hot market is cooling off. And while agents aren’t seeing anything dire on the horizon, they do perceive things have changed, and that the peak of the market may have passed. “I think we hit a peak…
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‘Return to normalization’ predicted for Denver area home sales market
Possibly signaling a return to a more balanced home sales market, the average price of homes in metro Denver in May dropped from the previous month for the first time in 2022, according to the Denver Metro Association of Realtors Market Trends Report released Friday. The average sales price for single family residential homes and…