As published in DMAR Market Trends, March 2024 Sellers are increasingly trusting the Federal Reserve’s assurances of three potential interest rate drops this year. Consequently, they are slowly removing their “golden handcuffs” and stepping off the fence to look for new homes. According to the Colorado Department of Labor and Employment, Colorado experienced greater job […]

Market Insights

April 22, 2024

Market Insights

As published in DMAR Market Trends, March 2024 Spring has sprung and the market frenzy is back, particularly for homes priced in the sweet spot, often attracting multiple offers within days of being listed. The condo market has shifted to a buyer’s market, driven by escalating HOA fees due to the insurance costs and elevated […]

Market Insights

March 22, 2024

Market Insights

As published in DMAR Market Trends, February 2024 Homebuyers on a $3,000 monthly budget gained nearly $40,000 in purchasing power after mortgage rates dropped to 6.7% from a high of 7.8% in October. Buyers are back in the market but aren’t necessarily ready to get off the fence as many still have sticker shock over […]

Market Insights

February 20, 2024

Market Insights

As published in DMAR Market Trends, January 2024 Amidst a slowdown in buyer activity, longer days on the market and more back-on-market listings, some sellers now require higher earnest money deposits. Real estate agents are reporting a slight uptick in buyers expressing interest in purchasing a property at the onset of 2024, likely due to […]

Market Insights

January 19, 2024

Market Insights

As published in DMAR Market Trends, December 2023 Homes in great condition and priced well continue to attract offers within a week or two of listing. Conversely, homes in need of “work” linger on the market, awaiting buyers who often hold out for two or three price reductions before making an offer. Retail sales in […]

Market Insights

December 20, 2023

Market Insights

As published in DMAR Market Trends, November 2023 Many new builds have incredible year-end incentives such as permanent rate buydowns, all appliances and landscaping included packages. Buyers are enjoying increased inventory and have become more demanding during inspections. Sellers planning to list their homes this winter may benefit from obtaining a pre-inspection report to address […]

Market Insights

November 20, 2023

Market Insights

As published in DMAR Market Trends, October 2023 Sellers planning to list their homes in the winter may want to prepare before the snow arrives. Obtaining pre-inspections of the roof, air conditioning and sprinkler systems will allow time for necessary repairs and provide peace of mind to future buyers who won’t be able to conduct […]

Market Insights, Uncategorized

October 23, 2023

Market Insights

As published in DMAR Market Trends, August 2023 Out of 150 cities, Denver nosedived in ranking from #55 to #99 on U.S. News & World Report’s Best Places to Live annual survey. Boulder, Colorado Springs and Fort Collins all ranked higher. The Colorado average homeowners insurance premium jumped 23% in 2023 as Colorado ranks #2 […]

Market Insights, Uncategorized

September 27, 2023

Market Insights

As published in DMAR Market Trends, August 2023 Out of 150 cities, Denver nosedived in ranking from #55 to #99 on U.S. News & World Report’s Best Places to Live annual survey. Boulder, Colorado Springs and Fort Collins all ranked higher. The Colorado average homeowners insurance premium jumped 23% in 2023 as Colorado ranks #2 […]

Market Insights

August 22, 2023

Market Insights

As published in DMAR Market Trends, July 2023 Sellers who experienced hail damage should make timely claims and hire insured and licensed roofing companies to make repairs. Realtors® can help connect homeowners to trusted local professionals. Annual inflation in Metro Denver for May was reported at 51%, down from 5.7% in March. Metro Denver is […]

Market Insights

July 24, 2023

Market Insights