Join us as we take a quick look back before moving into what’s to come in 2022. Throughout the year, we experienced incredibly fast turn-around times from market to sold status. In fact, on average, over 80% of homes were selling in less than 30 days. Starter homes became as much a challenge to find as getting an offer to purchase accepted was! Buyers wrote love letters to accompany their purchase offers, offered higher price levels, hoping to sway sellers to accept their bid over the competition.
December Residential Market Report
Ho Ho Ho Housing is on our minds this holiday season, and the number 1 priority on people’s Wish List right now is the desire to have MORE SPACE!
For a lot of us, it's still hard to believe summer is over and the clocks have already rolled back. But it is December and the holiday season is well underway. Seeking to fulfill that hope of more living space in the Colorado front range this November 6069 people were thankful to purchase and close the sale on their new home from among the 4381 being offered. Crossing this one BIG ITEM off their To-Do list took place with an average 23 Days on Market. If you want to call the Colorado front range your home, don’t waste any time. Contact your local RE/MAX Alliance office and get started by checking out some of the homes available for sale with one of our leading Broker Associates right away!
March 2021 Residential Market Report
Are We Facing a Real Estate Bubble?
Recollections of the 2008 economic recession and the mortgage crisis that followed are fresh in the minds of many of the older Millennial and Gen-X homeowners burned by the housing market in the past. As buyers compete in multiple offer situations and pay well-above asking price for that new home—whether as first-time homebuyers or as move-up buyers—many are wondering whether the housing market is due for a correction.
December 2020 Residential Market Report
The Difference Between a Recession and a Housing Crash
For many homeowners, the word Recession is practically synonymous with the 2008 mortgage meltdown. It brings to mind neighborhoods filled with For Sale signs and a massive foreclosure crisis. However, this is an artificial association based on recent history. If we take the long view of the economy, Recessions are generally no more likely to create significant housing downturns than any other movement in the economy.
June 2020 Residential Market Report
As we take the time this month to look back at May, we can see two unmistakable and impactful truths. The first is that the coronavirus and efforts to slow its spread have affected every sector of our daily lives. The second is that despite early predictions of pessimism, the housing market has remained strong and steady. Although there was a decline in pending sales year over year, we are not alone in our optimism.
COVID-19 and the Metro-Denver Housing Market - April 2020
April is typically prime time for real estate, the spring market is in full swing with fresh new listings and buyers are out in full force. That was not the case this April as Metro Denver’s housing market saw a major decline with home showings dropping to a record low mid-April due to the Stay-at-Home order. Many sellers decided to wait out the crisis as there were only 4,679 new listings on the market, down 37.82 percent compared to April of 2019.
March 2020 Residential Market Report
For a wide variety of reasons and in spite of continuing low levels of inventory, real estate consumers have decided a green home is an important option as they contemplate which home they want to purchase. Whether due to allergies, a desire to lower energy bills, or just to create sustainability; giving your home an environmentally minded upgrade can not only be better for your health and finances, but it can also improve the value of your home when it comes time to sell.
Denver Housing and the Coronavirus
While the financial markets continue to struggle with fears of the Coronavirus, real estate stayed strong in Metro Denver during the month of February. 5,122 new listings came on the market in February, up 5.56 percent from the month prior which saw a massive month-over-month increase. Home sales were up 3.16 percent in February so the month ended with only 4,835 active listings, down 2.15 percent from January and 19.64 percent year over year.