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August 2019              (Percent changes calculated using year-over-year comparisons and rounded figures).
 New Listings were up 1.0 percent for single family homes and 5.4 percent for townhouse-condo properties. Under Contracts increased 13.4 percent for single family homes and 20.4 percent for townhouse-condo properties.  The Median Sales Price was up 5.1 percent to $474,000 for single family homes and 5.0 percent to $315,000 for townhouse-condo properties. Days on Market increased 26.1 percent for single family homes and 52.4 percent for condo properties.
Although the inventory of affordable homes at this point remains largely stable, it is stable at historically low levels, which may continue to push prices higher and affect potential buyers across the U.S.

     Current as of September 5, 2019. All data from REcolorado®. Report © 2019 ShowingTime.

GDMA municipalities include: Arvada, Aurora, Bailey, Brighton, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Conifer, Denver, Englewood, Evergreen, Golden, Highlands Ranch, Lafayette, Lakewood, Littleton, Lone Tree, Louisville, Northglenn, Parker, Thornton, Westminster, Wheat Ridge.

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June 2019                 (Percent changes calculated using year-over-year comparisons and rounded figures).

New Listings were up 2.2 percent for single family homes and 7.5 percent for townhouse-condo properties. Under Contracts increased 12.7 percent for single family homes and 16.0 percent for townhouse-condo properties. The Median Sales Price was up 3.1 percent to $484,000 for single family homes and 1.6 percent to $315,000 for townhouse-condo properties. Days on Market increased 5.3 percent for single family homes and 50.0 percent for condo properties. In terms of relative balance between buyer and seller interests, residential real estate markets across the country are performing well within an economic expansion that will become the longest in U.S. history in July. However, there are signs of a slowing economy. The Federal Reserve considers 2.0 percent a healthy inflation rate, but the U.S. is expected to remain below that this year. The Fed has received pressure from the White House to cut rates in order to spur further economic activity, and the possibility of a rate reduction in 2019 is definitely in play following a string of increases over the last several years.            

​     Current as of July 3, 2019.  All data from REcolorado®. Report © 2019 ShowingTime.

July 2019                  (Percent changes calculated using year-over-year comparisons and rounded figures).

​New Listings were down 4.1 percent for single family homes but increased 7.8 percent for townhouse-condo properties. Under Contracts increased 7.6 percent for single family homes and 12.7 percent for townhouse-condo properties. The Median Sales Price was up 3.7 percent to $485,000 for single family homes and 3.2 percent to $313,750 for townhouse-condo properties. Days on Market increased 14.3 percent for single family homes and 61.1 percent for condo properties. During the record-setting 121-month economic expansion, the unemployment rate has dropped from 10.0 percent in 2009 to 3.7 percent, yet many consumers continue to struggle financially. Low mortgage interest rates have helped offset low housing affordability, but high home prices are outpacing median household income growth. In a move to stoke continued economic prosperity, the Federal Reserve reduced the benchmark interest rate by a quarter point to about 2.25 percent, marking the first reduction in more than a decade

     Current as of August 5, 2019.  All data from REcolorado®. Report © 2019 ShowingTime.