Market News

Buyers and sellers are facing a slightly different market this year than they did at the beginning of last year. 2022 started with an insatiable demand for very few homes for sale. Prices soared at rates we had never seen as buyers battled it out for almost every listing. As we progressed through the year, […]

In just a few short months, the Fed’s aggressive interest rate hikes have forced mortgage rates from 3% to around 7% costing borrowers 60% more on their monthly payments. This sobering realization has caused many buyers to pause their search for a home. The chart below from Mortgage News Daily shows how rising interest rates […]

Since 2014, the central Denver (map) residential real estate market has been appreciating at an incredible pace. What you may have read in the paper or heard on the news recently sounds a lot like what you’ve been reading or hearing over the past seven years. However, today’s market is nothing like the past seven years, or even […]

Homeowners have much to celebrate this holiday season after a solid year of rapid appreciation. The median price for a single family home in central Denver (map) rose from $700,000 to $811,200 in the past twelve months. That’s just shy of a 16% increase. Below is a graph of the appreciation rates by year since our market […]

Ten years ago, homes that sold for one million dollars or more represented 3% of the central Denver market (map). Today, they represent 32% of the market. It’s irrational that journalists and Realtors continue to use this arbitrary price point as the benchmark for the “luxury market”. You would be hard pressed today to purchase […]

The central Denver residential real estate market is beginning to follow pre-pandemic year seasonality patterns – but is different in degree. Here are three graphs that show the market’s evolution.. Lack of inventory has been the primary driver of increasing prices this year. Our record lows of available homes for sale starting December last year […]

Congratulations Denver home owners! As of this month, the Central Denver (map) real estate market has doubled in value since 2011. The 12-month rolling median price for a home in January of 2011 was $340,565, and today it’s $685,000 with an annual rate of return of 7.4%. The full 12 month measure accounts for the […]

Not even a global pandemic can slow Denver’s home appreciation. For the past eight years, lack of homes for sale has fueled our meteoric rise in prices. The pandemic has further eroded our inventory. Below is a monthly comparison of the average of the past five years’ number of homes for sale to 2020’s number […]

Denver’s real estate market continues to recover ahead of other U.S. markets according to the the National Association of Realtors’ housing market overall index. The index is set to 100 for the last week of January based on average year-over-year trends for that month, and updated every week relative to that baseline. A value of […]