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15 April 2:28 pm

March 2024 Housing Update “No matter how long the Winter, Spring is sure to Follow.” ~ Maya Angelou Pending Home Sales are Up: Homebuyers continued to enter the Denver metro housing market. In March, 4,343 new contracts for home purchase across the Denver metro area. That’s 8% more than last year and 33% more than last month. Homes pending purchase is a leading indicator of future home sales. Days on Market Down: In March, homes spent a median of 12 days actively available for sale, according to REcolorado data. Buyers sped up their decision making, executing contracts on homes nearly…

February 2024 Housing Update

18 March 1:52 pm

“Don’t wait to buy real estate. Buy real estate and wait.” ~ Will Rogers, actor February Continues to Boost Inventory Inventory levels at the end ofFebruary were 25% higher than last year and 176% higher than two years ago thanks in part to sellers bringing listings to the market. Data shows double-digit increases in the number of New Listings for the second consecutive month as sellers brought 4,267 homes to the market. Buyer Activity Up and Days on Market Down Home shoppers were active in February. Throughout the month, they executed contracts on 3,454 home listings. The number of listings pending sale…