Tag: Realtor
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High rates send a chill through Denver’s holiday home market
While retailers here and around the country are optimistic about a great holiday shopping season in coming weeks, real estate agents are feeling no such glee as the inventory of homes-for-sale falls, driving long term prices higher. “This market is going to be a function of mortgage rates, and that controls buyers and it controls…
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Despite higher mortgage rates, Colorado housing prices inch upward
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save On a day after the Federal Reserve in Washington signaled that it may raise interest rates again in coming months to cool inflation, Realtors in Denver are wondering whether rate hikes are having the opposite effect — discouraging sellers from listing their homes and driving up…
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Metro Denver homes sales market volume dives 30% in a year
While May provided some bright spots for metro Denver’s home sales market — namely more new listings than April for buyers to choose from — the market still “feels off,” according to the Market Trends Report released by the Denver Metro Association of Realtors Saturday. That’s likely due to the 30% drop in sales volume year-over-year, from…
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More buyers than homes for sale in metro Denver, according to report
With Denver area for-sale home listings at the lowest point since 2014 in February, buyers “still have an inventory problem,” according to the latest report from the Denver Metro Association of Realtors. There were 3,778 homes for sale at the end of February, including single-family homes and condominiums, according to the latest Market Trends report.…
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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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Metro Denver home buyers getting breathing room
The median single-family housing price in the seven-county Denver area dropped for a fourth straight month, now at $620,000, according to the August Market Trends Housing report from the Colorado Association of Realtors (CAR). That median sales price is still 10% higher than a year ago, but well off from spring of 2020 when appreciation…
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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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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…
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Denver commercial real estate association picks new leader
Denver’s largest commercial real estate association picked Rachel Marion to head the organization. Marion, who previously served as director of government affairs at Denver International Airport, succeeds Katie Kruger as CEO of the Denver Metro Commercial Association of Realtors. She started Monday. “Rachel brings a comprehensive resume of skills and experience with first-hand knowledge of…
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Metro Denver for-sale home inventory drops
While Metro Denver home prices decreased slightly for the second month in a row, the number of homes for sale also dwindled, according to the latest Market Trends report from the Denver Metro Association of Realtors. Those conditions continue the sellers’ market that’s dominated 2021. There was some slight relief for buyers, as the average…