Colorado’s housing market remained stagnant through November. Although active inventory and overall supply increased during the summer and fall, rising interest rates and prices kept many pro…
Although active inventory and overall supply increased during the summer and fall, rising interest rates and prices kept many prospective buyers off the market, according to the November“The hopeful expectation that something better is around the corner, whether it be lower interest rates or more homes on the market, has lulled buyers and sellers into inactivity,” she said.
Pending sales fell by 14% for single-family homes and 6% for condos and townhomes. Closed sales declined 14% for single-family homes and 13% for condos and townhomes. “We continue to have a strong market with listings, pendings, and solds all up compared to 2023. That would stand to reason given that we have more homes for sell right now compared to a year ago. In addition, our average days on market is also up as are price reductions on listed homes.”Sponsored: Renting vs buying a home in Denver: Which is the smart choice?
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