How quickly have things changed in the Denver Real Estate Market. Overnight. Inventory is now up almost double – 94.1% from June 2021 to June 2022. “Well, it’s about time” is what we should be saying if we are buyers. Is that really what buyers are saying, when interest rates are choking their budgets now?
The Denver Market Shift That’s right. The market is finally decelerating, in major part to interest rates above 5% for the first time in years. Prices have gone so high. There is simply so much buyers can handle in terms of appreciation. In the last 2 years alone prices have gone up 40% here in
The Denver Market update for March 2021 from the desk of Patrick Finney, owner/founder of CJV Real Estate. Per the usual in this Denver market, the numbers look great for Sellers and challenging for Buyers… An increase in Denver market inventory HOWEVER… a bright spot for Buyers in the Denver market – a 15.62% INCREASE
This month’s market commentary is eerily similar to the prior month’s commentary, but also so true. It’s more of the same: there are just not enough houses for sale. Repeat from last month! That’s right – it’s more of the same. Too few homes on the market. Recall last month’s numbers: From November 2020 to
“Where, oh where, have the homes for sale gone?!” That’s right – it’s more of the same. From November last year compared to November 2021 this year, we are STILL showing a Denver housing shortage – down 34.2% in inventory, despite a 15.5% increase in sales price over the same period! Where are the Sellers
I’ll bet you’re scratching your head after the WHITE HOT real estate market in the first half of 2021! Now, it has cooled off a bit, but don’t be fooled. Housing inventory in the Denver Metro Area is still down 30% from October 2020 to October 2021. This means we are in a quick moving