Despite a 22% increase in active listings statewide year-over-year, closed sales dropped 14% over the same period. The Colorado Association of Realtors said in its June report that housing affordability remains challenging as prices continue to climb, interest rates remain high, insurance rates rise, and property taxes increase. Summer’s busy sales season appears to have peaked early, said Denver-Douglas County realtor Cooper Thayer. “Market activity showed a sharp decline in June, indicating we’ve reached this year’s seasonal peak,” Thayer said. “With more homes on the market and less incentives for buyers to move quickly, we can expect prices to cool quickly entering the fall,” Thayer said. Realtor David Anderson said the Pueblo market didn’t experience a spring selling season. “And we continued our downward trend over the first half of the year with new listings down 15.6% compared to June 2023,” he said. “However, year-to-date, we are only down 3.5%.
Colorado Real Estate Market Cools In June As Inventory Rises, Prices Stabilize
Sara B. Hansen, Denver Post: Business
Fri, 07/19/2024 - 1:36pm
Topics: the colorado association realtors summer s denver-douglas county cooper market with realtor david anderson and however pending statewide median months fort collins sellers related articlesjuly bidding kelly broomfield price the denver post douglas county thayer june and hardy july sponsored real estate voices moye the inventory prices year buyers rates sales year-to-date housing homes interest early time dropped list continue season high listings news quickly didn compared increase selling sale cool days average weeks increased
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