U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list. They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market. Here are the top 5: 1. Huntsville, AL 2. Colorado Springs, […]
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The latest Home Price Index report has just been released by the Federal Housing Finance Authority. They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation. Here is the ranking of the top three states for price growth over the last twelve months: 1. Florida = 29% […]
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Here’s a trivia question… The number of new, single-family homes completed in 2022 will most closely resemble which prior year? If you guessed 1993, you are correct. Yes, the number of homes built and completed this year is no more than the number from 30 years ago. In 2022, there will be just over 1 […]
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For the first time in a long time, the sale to list price ratio is below 100%. This statistic measures the final sales price versus the listing price. During the super-active market of the last 24 months, this number averaged over 100%. This was a result of multiple offers and bidding wars which caused buyers […]
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Our clients wonder what a recession would mean for the real estate market. Many assume it would translate into a downturn in prices. Some even worry that it would cause values to come crashing down. We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market. […]
The post The “R” Word appeared first on Windermere Colorado REALTORS.
Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
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Here is a quick snapshot of our markets two weeks into July versus the same time last year…
Larimer & Weld Counties:
Inventory up 61%
Transaction count down 44%
Prices up 17%
Metro Denver:
Inventory up 62%
Transaction count down 31%
Prices...
Single family new housing starts in 2022 will show an increase versus last year, will be the most since 2007, and will still be well behind the peak of 2006. This year, experts predict that a total of 1.1 million single family homes will be started. In 2021 there were 970 thousand new home starts. The […]
The post Still Behind appeared first on Windermere Colorado REALTORS.
During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us: Inventory is up significantly year over year: Larimer County = +48% Weld County = +52% Metro Denver = +74% However, supply is still low as measured by months of inventory: […]
The post What the Numbers Say appeared first on Windermere Colorado REALTORS.
The best news in a long time has finally arrived for buyers. Inventory is up, frenzy is down. Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment. Demand is still high for sure. However, the intense, frenzied competition has […]
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