February Metro Denver Market Review
The market is blooming, even if spring hasn’t officially sprung here in Denver. Active listings are up 45.87% from last year to 5,511 homes. Pending listings, 3,514, are outpacing new, 4,243, but increased buyer activity this month will continue to
January Metro Denver Market Review
As we delve into the latest developments in the Denver real estate market, the backdrop of the broader economy sets an optimistic tone. A robust GDP growth rate of 2.5% in 2023 and promising signs for the future set the
December Metro Denver Market Review
Last year, Denver’s real estate market faced the hurdles of limited inventory and seemingly relentless interest rate hikes. Despite these challenges, a balance emerged, offering stability for both buyers and sellers. Sellers bid farewell to the frenzy of multiple weekend
Before and After – Hale Remodel
Our very own Managing Broker, Zach, has been living in his Hale home since 2012. After spending years looking for a larger home for his growing family, he decided instead to invest in his own home. To complete this project,
November Metro Denver Market Review
In November, the Denver Metro Area’s real estate market showcased significant seasonal shifts and unique opportunities for both buyers and sellers. When examining November’s data, contrasting narratives emerge. Comparing November 2023 to November 2022 reveals marginal differences: active listings increased
October Metro Denver Market Review
Denver’s real estate market is dynamic, embodying a critical balance between challenges and opportunities. While the anticipated seasonal slowdown hit Denver in October with a 16.84% decrease in inventory month over month, active inventory was actually up 2.63% from last
September 2023 Denver Market Update
As the Denver weather cools down, so does the real estate market. Increasing mortgage rates and inventory have created a much different environment than the busy summer season, creating new opportunities. New listings have dropped 5.92% from August, but we
Short Term Rentals – Primary Residences
We are often approached by would-be investors seeking properties in Denver to use as short-term rentals. In Denver, specifically, all short-term rentals require a license. Potentially, the biggest obstacle for investors in obtaining a short-term rental license in Denver is
August Market Update 2023
As we delve into the August Metro Denver real estate market stats, rates and inventory are two strong influences. Buyers continue to take time to get comfortable with current mortgage rates, all while there is still a significant inventory crunch.
Real Estate Vocabulary – Equity
The real estate market is always shifting, and as we watch these changes unfold, it is essential to understand how they can affect you. Understanding how your equity can change and is influenced by the market can help you plan
July Market Update 2023
Amid persisting interest rates and rising average days in the MLS, the Denver market still shows signs of strength and tenacity. Inventory was slightly elevated this month at 6,299 homes for sale, a 3.76% increase from last month. Median home
June 2023 Market Update
The Denver real estate market is undergoing a period of adjustment as buyers face continued rate increases and sellers manage the higher expectations of buyers. The height of summer often marks the beginning of a slower season in Denver as
May 2023 Market Update
The Denver real estate market showcases resilience and adaptability as the summer season unfolds, despite mortgage rates ticking above 7% and limited inventory challenges. While the market may feel slightly different, buyers and sellers remain optimistic and committed to navigating
April 2023 Market Update
The Denver metro market continues to experience limited inventory as the spring selling season picks up. Average days on the market was down 21.62% to 29 days, and the average home price was up to 2.56% to $682,061. These positive
2023 Property Tax Valuations
Many homeowners in Colorado were surprised when they received their property tax valuation notices this spring. Denver County saw an average increase of 33%, while Douglas County experienced a 47% increase. The median increase in the state was 40%. These
March 2023 Market Update
The end of March marks the beginning of spring for the Denver Metro market, so where do we stand? At month’s end, listings were up 19.53%, and closed homes were up 32.29% month over month. This increased activity has brought
February 2023 Market Update
After a chilly January, February in Denver saw both the weather and the market heat up. While mortgage rates remain a significant factor, homes are still selling as rates change. Higher rates have trained buyers to be incredibly discerning, but
January 2023 Market Update
January in Denver, we saw many classic signs of the real estate market reawakening, with new listings up 65.20% and pending listings up 50.61%. Still, those worried about a runaway seller’s market have some hope. Considering year-over-year data, January was
2022 Market Update
The Denver real estate market in 2022 told two contrasting stories; the late winter and spring had continued the frenetic and competitive pace of the last two years in response to historically low-interest rates. Buyers often waived all or some
November 2022 Market Update
Even as buyers and sellers continue to have confidence in the value of Denver homes, inventory and interest rates have undeniable influences. The economic shifts in 2022 completely upended the pace of the Denver market. Inventory jumped 178.16% from 2,248
Colorado Gives Day
This year Colorado Gives Day is more than just the day, from now until December 6th all gifts made through their website will be amplified through a $1.4 million incentive fund. The event has raised over $362 million since its
October 2022 Market Update
The current marketplace is giving buyers what was basically unheard of in the last couple of years; time. This fall, we are feeling the seasonality of the Denver market like we haven’t since 2019. By considering both the month-to-month, and
September 2022 Market Update
The Denver market is a classic example of supply and demand. After years of unsustainable demand, interest rates have made many buyers take pause. The pause means there are 7,683 active listings in Denver with an average of 26 days
August 2022 Market Update
In what felt like a blink of an eye, we find ourselves on the fall side of summer. As with many Augusts, we saw a seasonal shift in the Denver Metro market in addition to rising interest rates. Inventory is
July 2022 Market Update
It is important to differentiate between a recession and a slow down in the real estate market. While inventory is up 21.5% from June and 81% from July 2021. Active listings are still 21% lower than in 2019. Interestingly enough