Front Range Real Estate Market Reports

If you read our update every week, you know we don’t like to make predictions. We will say, though, that the first quarter of 2022 may surprise people. Most sellers put their homes on the market in April, May, or June. That’s likely to remain true next year, but we expect large numbers of homes […]

Monthly Mortgage Payments for the Typical Home The affordability of housing is on everyone’s mind. We already know that first-time buyers are struggling to compete with investors and cash buyers. How expensive is it to purchase a home? Let’s take a look at the past year and how affordability now compares to one year ago. Below

You’re going to start hearing about foreclosures going up. Here’s what you should know about those headlines.   I just searched and, in our entire MLS, there are 12 foreclosed properties. In the Denver metro area, there are five.   Take the news about foreclosures with a big grain of salt.   Of course, it’s

We saw another significant rise in new listings this week – up 8.9% compared to last week. This gives buyers more homes to choose from, which is welcome news. Offers must still be competitive and homes that are priced well and show well are still selling quickly with multiple offers. Homes that are a little

Here’s an overview of our market last month with statistics we don’t often look at. We thought this would provide a unique perspective on what’s happening in our area. Home Prices by Total Square Feet During May 1,500 sq ft or less: Average: $380,455, Median: $360,000 1,501 to 2,000 sq ft: Average: $507,822, Median: $464,000 2,001 to

The real estate market is still very active. Buyers continue to purchase homes despite the challenges. There were 25 showings for each home for sale last month, which shows how competitive the market is. Buyers should look at homes significantly below what they’re willing to pay, since the final price will likely be much higher