Colorado Association of REALTORS | Market Trends
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Market Trends

Suddenly, it’s all about pricing

Percent of list price received on home purchases dips below 100% for the first time since 2020 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and traditional seasonal slowdown continued to pump the brakes on the metro area and statewide housing markets as potential buyers found a few more options to choose from and a few more days to think about their potential...

Metro Area Inventory Up 50%, Prices Stay Firm

The metro area experienced a 50% increase in active listings and a 72% increase in single-family home inventory for July 2021. There was a slight decrease in the median sale price to $723,750 in July 2022 from June 2022, which was $750,000. "Before you read that last number and wonder if that means prices are decreasing, the answer is a resounding...

Swift Market Changes Make for Statewide Surprises

From June to July 22, the number of single-family homes is up by 10% and for condos, that number is 11%. “It is like we had a really hot summer day and a few days later, a blizzard,” said CAR Spokesperson and Colorado Springs REALTOR® Patrick Muldoon. “One weekend we were watching buyers toss everything they could at a house...

Market Takes ‘Huge, Deep Breath’

As of July 2022, the metro area has a 1.3 -month supply of single-family homes for sale, which has increased from the .3 months of supply available in February. CAR Spokesperson Matthew Leprino says, “Things have leveled out. Things have calmed down. The best analogy I can give you is that the market just took a huge, deep breath. It’s...

Report: A Quarter of Young Adults Living with Their Parents

CAR’s Market Trends reported the median home price for a single-family home was $635,000 in July 2022. Since financial experts advise putting down a 20% down payment on a home, this creates a “boomerang effect,” which is when younger adults move back in with their parents to save for that payment.. According to the Pew Research Center, in 2021, 25%...

July Teases the Start of a New Real Estate Game for Second Half Of 2022

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With active listings and inventory rising across the seven-county metro area and state, slowing sales and fewer new listings have kept the full swing of the real estate pendulum in check, according to the July 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. The combination of factors, including rising interest rates, is giving potential...

FORT COLLINS, CO, USA - MAY 20, 2016: Aerial view of typical residential neighborhood along Front Range of Rocky Mountains in Colorado in springtime

Northern Colorado Market Halts and Starts Again

Many factors are at play in what CAR spokesperson Chris Hardy says is a boom-start-boom market. Consumer’s competing offers in March and April were followed by a housing market break and family vacations in June. CAR’s Market Trends report for June shows a different story than what REALTORS® are seeing in the field. In 2021, there was only two weeks’...

House for sale with an up close view of the "for sale" sign"

Up, Down & Sideways in the Real Estate Market

Since the real estate market has cooled just a bit in June, as reported by CAR’s Market Trends, REALTORS® are left to prognosticate about the future of the market. “The analogy that really conveys to us what’s happening is just that we’ve hit the summit,” said CAR Spokesperson Matthew Leprino. “We’ve climbed to the top of the mountain and we’re...

Statewide and Local Housing Data Shows Jump Up in Housing Inventory Numbers

The number of single-family homes and condo townhomes for sale increased 44% from May to June 2022, but median home sale prices are up more than 10% both locally and statewide.  REALTORS® around the Denver-metro area provide some reasons why and explain how buyers are adapting to a new real estate market. “As fears of inflationary pressures reach households through the...