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2016 Starts Strong for the Denver Area Housing Market
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2016 Starts Strong for the Denver Area Housing Market

In Denver Real Estate, Market News | on February, 04, 2016 | by

DENVER – February 4, 2016 –Following a record year for the Denver area housing market, 2016 started strong according to REcolorado, Colorado’s largest MLS and the provider of REcolorado.com.

Released today, REcolorado’s January 2016 report includes data from REcolorado’s 18,000 members who operate throughout the greater Denver Metro and surrounding area.

January’s indicators showed sizable increases in the number of new listings that came on the market, an indication that sellers are looking to get a jump on the selling season and take advantage of what continues to be a prime seller’s market. January saw 4,148 new listings of homes for sale, a 63 percent increase over last month and three percent more than last year.

Jan 1 new listings

Indicative of the competitive housing market, sellers continued to see extremely quick sales cycles. The average days on market was just 38 days, one day less than January 2015. Buyers began ... Read More

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Denver Area Housing Market Slows as the Summer Selling Season Winds Down

In Market News | on September, 14, 2015 | by
DENVER – September 3, 2015 –As the kids head back to school, we tend to see a seasonal slowing of the housing market. This August was no exception. According to REcolorado’s monthly report on the residential real estate market, signs of the traditional end-of-summer softening were seen in the Denver metro and surrounding area. Prices dipped a bit, the number of sold listings decreased, and homes stayed on the market longer.August brought continued moderation in sales prices for single family homes. The average sold price for a single family home in August was $363,625, down one percent from last month, but up 11 percent year over year. The average price for a single family detached home was $405,863 in August, while a condo/townhome saw an average sale price of $257,048.

“The Denver area saw a strong summer selling season, thanks to low interest rates, increasing employment and confident consumers,” said

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July Brings an Increase in Inventory to the Denver Metro Area Housing Market

In Market News | on August, 17, 2015 | by
DENVER, CO – August 6, 2015 – July saw a welcome increase in the number of homes for sale in the Denver Metro and surrounding area, as eager sellers brought an impressive number of new listings to the market, according to REcolorado, Colorado’s largest MLS and the provider of REcolorado.com.According to the REcolorado July 2015 Report on the Denver-area Housing Market, July ended with 8,967 active listings of homes for sale, a jump of 19 percent month-over-month. Inventory levels have seen five consecutive months of increases, rising 76 percent since February. As compared to previous years, inventory remains tight. Year over year, inventory is down eight percent.

July’s increase in inventory levels was driven by sellers who brought 8,072 new listings to the market. The number of new listings was up six percent, month over month, and up 15 percent as compared to this time last year.

“The number

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The 20 Hottest U.S. Real Estate Markets in May 2015

In Denver Real Estate, Market News | on June, 20, 2015 | by

california-beach-skateboardPeathegee Inc/Getty Images

The housing market is chugging ahead, with even higher home prices and more buyer activity—and in May, we’re seeing more than the ordinary seasonal uptick.

“On the demand side, we are seeing traffic and searches on realtor.com® continue to set new highs,” said our chief economist, Jonathan Smoke, who did a preliminary analysis of our site’s data in May. Visits and searches are expected to be up more than 50% and 35%, respectively, year over year.

Helping create more opportunities for buyers, the listings inventory is now growing faster, at 4% over April—but it’s still down compared with last year, so buyers will need to keep on their toes. In part because of the limited inventory, the median list price increased nationally to $228,000, up 7% over the previous year and 1% over April. At the same ... Read More

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Home Buyers – Upcoming Changes in Closing Process

In Denver Real Estate, Market News, Mortgage Rates | on May, 13, 2015 | by

To improve the service for consumers buying homes, here is some insightful news regarding changes to the closing settlement forms. Sounds like the scheduling of closings, which is typically 30 days out from the accepted offer date, may have to be pushed to 45 days out. From Realtor Magazine: “In case you missed it, as of August 1, the HUD-1 settlement statement and Good Faith Estimate forms are going away, as is the Truth in Lending Act disclosure.” This short video explains what you need to know about the changes to the closing process:

Home Buyers – Upcoming Changes in Closing Process

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