How is the Market?

It's a question we get all of the time - how is the market in the Denver Metro area?

Found 91 blog entries about How is the Market?.

In much of the United States, single women are outpacing single men when it comes to homeownership.

This trend may be somewhat surprising, given the average woman in the U.S. only makes 80% of what the average man does. Nonetheless, the data clearly indicates that single women are more likely to own a home than single men are.

For example, in the New York metropolitan area, single women own slightly more than 820,000 homes. In the Los Angeles metropolitan area, that number is around 460,000. On the flip side, single men own about 435,000 homes in the New York area and about 260,000 homes in the Los Angeles area. In both cases, single women owned nearly twice as many homes as single men did.

To determine the number of single homeowners in each

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Throughout the past year, rent increases have been occurring not just in the city of Denver, but across the entire metro.

The median price for a two-bedroom in apartment in Denver stands at $1,340 as of January 2019. That’s an 0.1 percent decrease over December but a 2.5 percent increase over the past year, according to the report.

Denver's year-over-year rent growth leads the state average of 2.2 percent, as well as the national average of 0.9 percent.

Of the 10 largest cities in the metro, nine of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Brighton has seen the fastest rent growth in the metro, with a year-over-year increase of 16.3%. The median two-bedroom there
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Despite what feels like a major market shift, home sellers in Metro Denver are still in control in all housing price ranges, except homes priced over $1 million where homebuyers and sellers are on equal footing.

In 2018, compared to 2017, the number of home sales was down 5.52 percent and housing inventory was up 44.71 percent by year-end. 2018 marked a record-high home sales price reaching an average of $473,539 and median of $409,900 for the entire residential market (single-family and condos), up 8.34 percent and 7.87 percent year over year respectively.

“Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,” said Jill Schafer, Chair of the DMAR Market Trends

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For a price of $11 million, John Denver's 7,735 square foot Aspen mansion could be yours. 

Aspen roads can take you home to the place once owned by John Denver.

The public got a glimpse of the musician’s residence on Thursday through an open house after the gated-community property between Aspen and Woody Creek hit the market for $11 million.

The house at 570 Johnson Drive was built in 1972, a year after Denver’s single, “Take Me Home, Country Roads” lit his stardom en route to over 33 million records sold worldwide before his untimely death at age 53.

Aspen couple Denis and Kelly O’Donovan bought the house in December 2016 for $2.75 million — $8 million under the original asking price, which included a guest house on a nearby lot that was

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Colorado cracked the nation's top 10 in population growth over the past year, according to the latest U.S. Census Bureau figures. 

Those estimates, released on Wednesday, show that Colorado's population grew 1.4% in the one-year time span from July 1, 2017, to the same date in 2018, landing the Centennial State's growth rate at No. 7 among the county's 50 states, Washington, D.C., and Puerto Rico. 

Colorado grew by 79,662 residents since last year.

The nation as a whole grew in population by 0.6 percent to 327.2 million people, its slowest pace in more than 80 years, according to The Wall Street Journal.

Nine states in addition to

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2018 was clearly a Seller’s Market in nationwide residential real estate.

Supply has been low and housing starts are down 1.4 percent year-over-year, which has lead to increasing home prices and a reduction in the total number of homes sold.

Overall, total revenue has remained flat: Fewer sales were made, but the sales that were made came at higher price points.

So, what is in store for the year ahead? 

What is the housing market doing now?

New residential home sales dropped 8.9 percent in October, falling to a new two-year low, according to a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).

Scars from the housing market crash a decade ago

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Housing inventory in the Denver area is up nearly 47 percent year to date compared to last year, but sales are down.

In November, year to date, housing inventory has increased 46.76 percent compared to last year in the residential market (single-family and condos), but was down 11.82 percent from last month. Meanwhile, fewer homes sold in the Denver area in November, down 17.27 percent from October, and that dropped the number of sales year to date to less than any in the past three years.

Notably, the low months of housing inventory will keep homes prices strong according to Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®.  While the average sold price of $462,344 was down 6.3 percent from the

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Are we finally entering a buyer's market? With a shift in Denver's numbers toward increased inventory, more average days on market, and less homes flying off the shelf in that first weekend, it's tempting to assume we are! But, let's look at the data to see what it tells us:

For more market videos, visit Brilliant Denver Homes.

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