Market Report

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February 2022 Market Report

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With January 2022 tucked securely up under our belts, the new year is in full swing, and everyone is wondering what we can expect across our Front Range from the 2022 housing markets moving forward. Is this the best time to buy? The best time to sell?

Year over year stats shows only slight changes because one area, purchase options, continues to stagnate. Lack of inventory skews sales numbers as well as price information. Would sales be higher if more homes were available? Would prices change accordingly? A Realtor friend in Toledo, Ohio, expressed it well: “In a market that usually has 2-3000 homes available for sale, it’s impossible to make predictions based on the only 800 or so currently on the market.”

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January 2022 Market Report

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Join us as we take a quick look back before moving into what’s to come in 2022. Throughout the year, we experienced incredibly fast turn-around times from market to sold status. In fact, on average, over 80% of homes were selling in less than 30 days. Starter homes became as much a challenge to find as getting an offer to purchase accepted was! Buyers wrote love letters to accompany their purchase offers, offered higher price levels, hoping to sway sellers to accept their bid over the competition.

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December Residential Market Report

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Ho Ho Ho Housing is on our minds this holiday season, and the number 1 priority on people’s Wish List right now is the desire to have MORE SPACE!

For a lot of us, it's still hard to believe summer is over and the clocks have already rolled back. But it is December and the holiday season is well underway. Seeking to fulfill that hope of more living space in the Colorado front range this November 6069 people were thankful to purchase and close the sale on their new home from among the 4381 being offered. Crossing this one BIG ITEM off their To-Do list took place with an average 23 Days on Market. If you want to call the Colorado front range your home, don’t waste any time. Contact your local RE/MAX Alliance office and get started by checking out some of the homes available for sale with one of our leading Broker Associates right away!

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October Residential Market Report

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As colder winds have begun to blow down from the Front Range foothills, some even treating us to small flakes of unique shapes, we have proof that summer is good and truly over. With it, the real estate market moves swiftly into the last quarter of the year. Taking a quick look backward can set our sights on the most likely direction going forward.

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August 2021 Residential Market Report

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“If 2020 was a comp property, it would be the house in your neighborhood that caught fire and almost burned to the ground. But then a GoFundMe campaign caught the attention of a YouTube influencer who rehabbed it into the next location for The Bachelorette.” So said Sarah Wheeler, HousingWire Editor in Chief in a recent edition.

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March 2021 Residential Market Report

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The good news is that the percentage of List Price to Sales Price is up a little more than 1%. The better news is that the Average Days on Market across the Front Range is down a little over 26%. The BEST news is that the number of homes under contract is up almost 10%!

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January 2021 Residential Market Report

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WELCOME 2021! A New Year and a new day has dawned. A little housekeeping to clear up the final month of 2020 and on to 2021 trends, conditions, and predictions!

December 2020, The Colorado front range area saw 3790 new listings available on the market. Within an average of 33 Days on Market, 6345 sold and closed. The average sales price for December 2020 was $543,900. These numbers defy the fact that we were 9 months into a pandemic, with anemic inventory and limping toward the end of a very challenging year.

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October 2020 Residential Market Report

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We don’t often like to admit it, but it is true; there isn’t much we directly control in the world around us. However, we can control our responses to events. Amidst the current pandemic that includes stay-at-home orders, social distancing and serious health concerns, the steadying influence on the economy has been real estate. For many, the response has been a swarming into the real estate market, as buyers and as sellers, but mostly as buyers. Sellers are desperately needed to meet the increasing demands!

If you or someone you know is in the market to buy or sell real estate, I would appreciate the opportunity to earn the business. Thank you!