This data is courtesy of Joan Cox - House to Home, Inc.
I track data daily for the Denver metro area, and the amount of price reductions have been hovering around 600-650 each week and homes returning to market have been around 225 per week. The inventory this time of year is seasonally low, and is below 4,000 … (8 comments)
The journalists sure do sensationalize our industry! The sky IS NOT falling, and our market is still very strong. The journalists like to create headlines and cause the public to panic, and there is no reason to, at least not yet.
Colorado's unemployment for July was 2.9%, compared to the national average of 3.7%. We have been lower than the national average for quite some time. The GDP in 2016 was 2.4, and in 2019 is 3.5, which is the largest increase in several years.
Colorado relies on several industries for our good economy - 1. High technology 2. Food processing 3. Transportation … (30 comments)
The Denver real estate market began to sizzle with spring temperatures in February. Inventory dipped significantly in February, but increased in March, giving buyers more homes to choose from. We have seen multiple offers with warm temperatures in Denver in the areas with competitive prices. The following data is courtesy of Joan Cox - Metro Brokers - House to Home, Inc.
Denver saw a 72.7% increase in listings over the prior month, 45.8% increase in under contract homes and 81.5% increase in sold property. Sellers are seeing an uptick in showings, and once again, homes are going under contract quickly. Here are the current active listings in Denver. … (16 comments)
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