Colorado homes for sale are at their highest levels in over a decade. According to the October Market Trends Housing Report from the Colorado Association of Realtors, with 3.5 months’ supply in the seven-county Denver metro area, active home listings are up 14% year-over-year. Statewide, with 3.8 months’ supply, active listings are up nearly 17%. “While Denver has consistently been characterized as a seller’s market throughout recent years, current trends indicate a moderate shift toward a buyer’s market this winter season,” said Cooper Thayer, a broker associate with the Thayer Group in Castle Rock. Despite the increased inventory, prices remain near record highs, with the median price for single-family homes at $583,000 and condos/townhomes at $425,000. The percentage of list price received continues to hover around 98% statewide. With more homes available, Thayer encourages sellers to highlight features that set their properties apart in their listings. “Today’s homebuyers have much more time to make decisions and negotiate and are spending a higher percentage of their income on housing costs, driving them to be much more cost-conscious,” he said. “The most successful listings today are those that are more unique and/or put in more preparation work than comparable properties on the market.
Colorado Housing Market Shifts: Active Listings Surge To Decade-high In October
Sara B. Hansen, Denver Post
Thu, 11/21/2024 - 8:53pm
Topics: october market trends housing report colorado association realtors while denver cooper thayer thayer group castle rock today s buyer kelly moye with compass while related articlesnovember early wheat ridge zillow s thayer with however hoa the denver post october colorado denver while thayer the with november sponsored real estate voices surge housing market active listings homes buyers home sellers preparation election areas activity months statewide supply properties continues prices costs percentage choice busy spring interest price
BING NEWS:
- Colorado housing market shifts: Active listings surge to decade-high in October
According to the October Market Trends Housing Report from the Colorado Association of Realtors, with 3.5 months’ supply in the seven-county Denver metro area, active home listings are up 14% ...
11/21/2024 - 3:52 pm | View Link - Colorado housing market shifts: Active listings surge to decade-high in October
Colorado homes for sale are at their highest levels in over a decade. According to the October Market Trends Housing Report from the Colorado Association of Realtors, with 3.5 months’ supply ...
11/21/2024 - 1:53 pm | View Link - More
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