As we enter the holidays, the Denver Real Estate Market begins a slower season. Buyers and sellers alike shift into low gear or even pause entirely until Spring. In October, the housing market was further impacted by interest rate moves. After the Federal Reserve’s last interest rate cut, mortgage rates hit a 19 month low in
The June Denver Real Estate presents more options for buyers, yet price and rate pressures continue. While the buying frenzy of past years has died down, buyers still need to be prepared to act when conditions are right. It is also important for sellers to understand the market they are entering in order to have
The May Denver Real Estate continues the path towards a balanced market. At the same time that there are more options for buyers, the affordability challenges of high interest rates and sustained prices are a headwind. The key metrics below give insight into the market’s recent movements. Active Listings The most notable change in the
Our hardworking Carrol Rhead suggested posting this quote by David O. McKay in honor of Labor Day! “Let us realize that the privilege to work is a gift. That the power to work is a blessing. The love of work is success.” -David O. McKay
If you think the Denver Market has slowed down, you’re half right. Yes, it has slowed down, due to seasonal constraints, such as Vacation Time (July) and Back to School (August) – but be prepared for the action to pick up in September & October – with more homes on the market, and more buyers
It’s been one very interesting summer for Denver Real Estate!
Patrick Finney, Owner/Broker of CJV Real Estate weighs in on this month’s real estate market in Denver, Colorado: Two key factors– inventory and interest rates– continue to stay at record low levels during the month of June, 2021. That means that the market remains a Seller’s Market. The good news for Buyers, however, is that
April numbers in Denver Real Estate are out!The most recent stats show hope for buyers while also painting the reality of a market drastically changed by the past 12 months.The bright spots:Active Listings at month end increased 35% from March ‘21 to April ‘21.The 4,662 new listings in April 2021 are up almost 40% from
March roared in like a lion with lots of new records! Price: New record at $674,990, up 6.72 percent from last month and up 19.3 percent from last year! Inventory: March Month of Inventory (MOI) dropped to 0.39 months. Given our current inventory and current rate of sales, it would take 0.39 months or less than
Check out Patrick Finney’s latest Denver remodel (a work in progress)! From dated and dreary to clean and sleek, this listing will be hitting the Denver real estate market soon!