Colorado Association of REALTORS | Stats & Trends
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Stats & Trends

Coronavirus Slows But Can’t Stop Robust Housing Market

March numbers reflect a pause to the momentum of a healthy first Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – April 10, 2020 – From a cold and snowy Colorado February to the COVID-19 pandemic in March that has impacted virtually every person and every community, the state’s residential real estate market found a way to persevere with...

Colorado Housing Market Experiencing Record-Low Inventory Numbers

Denver-area REALTOR® Lane Lyon spoke with 9 News about metro Denver's hot housing market and how millennials can get a piece of it. For those looking to get into their first home, Lyon offers this advice: "Get pre-qualified. Talk with a lender. Know what your options are. With interest rates the way they are, you may be able to afford...

Home Prices Up Across Colorado Despite Snowy, Cold February

Winter weather doesn’t slow home sales as buyers gobbled up record low inventory ENGLEWOOD, CO. – March 11, 2020 – A growing number of homes coming onto the market in the first few months of the year, coupled with a cold and snowy February, wasn’t enough to offset pent-up demand from buyers ready to gobble up available single-family homes and condo/townhomes...

Pueblo Market Remains Strong; Median Sales Price Increases in 2019

“Overall, the 2019 Pueblo market was about the same as 2018, plus or minus 2%. The two big differences were median sales price, which rose just more than 13% to finish the year at $210,000, and days on market, up 8.6% over 2018. The 2019 sold listings slipped a total of 45 from 2018, just a 1.6% dip. We are...

Garfield County’s Housing Supply Continues to Shrink

“While our market continues to struggle with low inventory, which of course results in higher prices, we are starting to see some new construction which brings hope to first-time homebuyers as well as move-up buyers,” said Erin Bassett, president of Glenwood Springs Association of REALTORS. “Spring should bring new resale inventory as well.” “We just, honestly, have no inventory,”...

Supply of Homes for Sale Is Shrinking Across Colorado, Not Just in Denver

“Our Colorado market has become so tough and unaffordable that the U-Haul report showed that people are now coming here less than they were just last year. In 2018 Colorado ranked number 16 on the list of states to move to. We now sit at 42 as word on the street is, we cost too much,” said Patrick Muldoon, a...

Decade Closes with Record-Low Inventory Across Colorado

Housing markets gear up for most active months with little inventory as affordability improves Contact:  Marty Schechter for CAR 303-882-4585 cell                                                                                                     marty@schechterpr.com ENGLEWOOD, CO. – Jan. 13, 2020 – Colorado housing markets closed out the past decade with 10-year record or near record lows in several key inventory related categories, according to the latest monthly market data from the...

After a Decade of Dramatic Gains, Metro Denver Home Prices Expected to Slow in 2020

“I will be telling any buyers who come through my office to be looking at a longer-term game. You won’t make $50,000 in appreciation in two years,” Matt Leprino, Colorado Association of REALTORS spokesperson, said. “You might see a lot of people pull the trigger on selling properties primarily income properties,” Leprino said. “You will see a larger influx of...

2020 Forecast: Colorado Is Getting Older and Narrowing the Housing Gap, But Really Needs Middle-Wage Jobs

Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...

Economic Impact of a Home Sale

How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage...