Colorado Association of REALTORS | Market Trends
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Market Trends

New Month, New Records Across Colorado Housing Markets

Pending Sales and Median Price hit all-time highs while Active Listings fall nearly 50 percent from a year ago Marty Schechter for CAR 303-882-4585 cell  marty@schechterpr.com ENGLEWOOD, CO – Sept. 11, 2020 – In addition to record high temps throughout the month of August, the statewide housing market continued its hot streak as well, setting new records for pending/under contract properties and median sales price...

Douglas, Broomfield Counties Make NAR’s Top 10 “Work from Home” US Counties

WASHINGTON (September 1, 2020) – Forsyth County, Georgia, ranks as the top “Work from Home” county in the United States, according to a new report from the National Association of Realtors® measuring several factors of increasing relevance amidst the COVID-19 pandemic. Two Colorado counties – Douglas and Broomfield – appear in the top 10 at second and ninth, respectively. NAR’s 2020 “Work...

CBS 4 Denver: Summit County Real Estate Prices Soar During Coronavirus Pandemic

“That trend of being able to move away from being right next to your job, to being in the mountains and something absolutely beautiful and being able to play and have fun and get your work done, it’s a great combo,” Dana Cottrell, a Summit County-area REALTOR, told CBS 4 Denver. “The single-family averages are pretty high here. A...

Post Independent: COVID Claustrophobia Causing Home Sale Boom in Garfield County

With technology allowing more people to work from home, an increasing number of buyers are purchasing homes that were once viewed by many as vacation destinations. Single family home sales in Garfield County were up 86% in July 2020 compared to July 2019. In New Castle, single family home sales were up 128.6% and 233% in Glenwood Springs in July. “They’ve...

USA Today: Head Scratcher? Colorado Home Sales Sets Record in COVID-19 Recession

USA Today reported on CAR's July 2020 Market Trends report. It notes, "Sales rose 15% from June and 21% from the previous July – before COVID-19 when the economy was rolling. Statewide the median home price rose a startling 4.5% in one month, to $443,925." "There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it...

Denver Post: Home Sales and Price Records Were Set All Across Colorado in July

“Buyers waited on an hour-by-hour basis for the new listings to show up, then competed to win the bidding wars,” said Colorado Springs-area REALTOR Jay Gupta in response to CAR's July 2020 Market Statistics Report. As noted in the report, buyers snapped up a record 10,771 single family homes in Colorado in July. Read the full Denver Post article. ...

July Home Sales Shatter Records; Nearly Double from May to July Driving Median Pricing to Record Highs Across Colorado

Contact:   Marty Schechter for CAR 303-882-4585 cell  marty@schechterpr.com    ENGLEWOOD, CO – Aug. 12, 2020 – A record number of single-family homes sold in July have shattered state records and driven median home prices to record highs as well, according to the latest monthly housing data from the Colorado Association of REALTORS® (CAR). Despite another strong month of new listings, a...

Colorado Home Buyers Still Hungry For Limited Inventory

By Sarah Mulholland, CPR News Statewide, the number of homes listed for sale in June fell 39 percent compared to the same time last year, according to a report from the Colorado Association of Realtors. Buyers are snapping up limited inventory now that stay-at-home orders are lifted, pushing the number of homes under contract up more than 30 percent — to...