WEEKLY MARKET BRIEF
WEEKLY MARKET BRIEF | JANUARY 28, 2025
Inventory sits 47% higher than at this time last year, while days on market has dropped by 36% since January 1. Year-to-date home showings are only slightly below the two busiest years in Colorado (and U.S.) real estate history—2021 and 2022. This strong showing activity is already translating into more contracts, making 2025 year-to-date the…
Read MoreWEEKLY MARKET BRIEF | JANUARY 20, 2025
Year to date 2025 has the third most new listings and the 4th most new contracts in the last 15 years. We’ve been talking about 2025 being the year of increased market volume due to pent up seller desire to move and buyer demand to buy. So far, the numbers do not disappoint. However, it…
Read MoreWEEKLY MARKET BRIEF │ JANUARY 14, 2025
Optimism abounds, or so it appears. The second week of January demonstrated signs of pent up market activity releasing, as if the dam might be breaking. OK, not quite that dramatic. The first two weeks of showing activity are the busiest on record, just edging out 2021 and 2022, ending last week with just over…
Read MoreWEEKLY MARKET BRIEF │ JANUARY 7, 2025
Up and up and up rates go, but buyers don’t seem to be deterred. Buyer showing activity was incredibly strong last week ending at 17,305 showings and 2.5 showings per listing. But buyers are once again showing patience. Only 262 properties went under contract, as was the trend in the second half of 2024. Lots…
Read MoreCOLORADO’S FRONT RANGE REAL ESTATE: 2024 YEAR-END REVIEW & 2025 OUTLOOK
December 17, 2024 As we wrap up 2024, the front range real estate landscape is finishing a year that was anything but dull. While the seasonal slowdown brought familiar patterns—rising days on market, increasing seller concessions, and more price reductions—there’s a deeper story under the surface. This year showcased the power of interest rates driving…
Read MoreWEEKLY MARKET BRIEF │ DECEMBER 3, 2024
Holiday weeks in real estate? They’re notoriously slow, and last week was no exception. Families aren’t exactly rushing to close deals or move while juggling Thanksgiving, travel, and hosting duties. Here’s how last week shaped up: Not exactly a barnburner. But here’s the thing: even though new listings will screech to a halt in the…
Read MoreDENVER REAL ESTATE: A SEASONAL SHIFT WITH STRONG FUNDAMENTALS
November 26, 2024 Where We Are Now As we move into the year’s end, Denver’s real estate market is navigating its expected seasonal slowdown. Days on market are climbing, seller concessions are increasing, and price reductions are becoming more common. While these might seem like negatives, they’re simply part of the typical real estate rhythm.…
Read MoreWEEKLY MARKET BRIEF │ NOVEMBER 19, 2024
In a post-election relief of “finally, it’s over”, buyers got back to business. While half the country may have been disappointed with the election outcomes, and interest rates are the highest they’ve been since the end of July, the pre-election “lul” of showings turned into a one week spike of buyer activity. We’ll see if that is sustained. …
Read MoreWEEKLY MARKET BRIEF │ OCTOBER 29, 2024
Mortgage interest rates hit their highest point in 3 months but the impact on real estate activity is so far unremarkable. Showings remain strong, contracts remain slightly elevated above the last two years and prices are beginning to slide, but only slightly. But with rates rising, inventory 50% higher than the last two years and…
Read MoreWEEKLY MARKET BRIEF │ OCTOBER 22, 2024
Last week we hit the highest average sales price since the end of June and the second highest median sales price of the year. Those are spring conditions, how is this possible this time of year? For the same reason median days on market have come down, concessions declined for 3 weeks and the percentage…
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