Denver Real Estate Newsletters

January numbers are out and it’s clear that competition among buyers is strong. Offers that get accepted tend to all have the highest price, inspection waivers, and appraisal gap coverage. Many sellers are also looking for free post-closing occupancy, where they rent back the home for up to two months. Homes are selling for 10 […]

In August, 20.9% of the homes for sale had been reduced in price. In the one-week period that ended a week ago, there were 596 price reductions. This past week, there were 772. In other words, during the past week, there were 29.5% more price reductions than there were the week before. It’s not April

Mortgage rates continue to hover between 2.87% and 3.03%, after remaining low the entire year. These low rates are helping take some of the pressure off buyers, who may have sticker shock. In our local MLS, which covers a large part of the state, the average price for a home sold in August was $606,789,

Where were you in 2011? In the same home? In a different state or town? Let’s compare key real estate statistics from July 2011 to what happened in Metro Denver last month. Active Listings July 2011: 22,860 | July 2021: 4,816  |  See Graph The fewest active listings between 2011 and 2021 were during May of this year when there

The past year has been a wild ride. Take a look at these graphs to get a sense of how things are changing. Months Supply of Inventory This is the length of time it would take to sell all the homes for sale now if no other homes came on the market, given the current