Market Trends

Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Buyers Incentivized More than 75% of all new home builders are using interest rate buydowns as a way to attract buyers to their communities.This is according to new research by John Burns Real Estate Consulting.Builders are fronting several thousand dollars on behalf of their buyers so these buyers can have a lower rate for the first few […]
Buyers & Sellers Way Under The Nation’s real estate market is significantly under-supplied.According to the most recent research from Freddie Mac, the United States has a housing supply deficit of 3.8 million units.The available inventory today is lower than it has ever been in the last 40 years and is 3.5x lower than the peak of 2008.The reason why available […]
Buyers & Sellers Mis-Led The most misleading stat about the housing market is increase in inventory. The number of properties for sale is up significantly compared to last year.  In most locations along the Front Range, inventory has doubled.This is obviously great news for buyers because they now have more choice.This is obviously meaningful for sellers because they now have […]
Buyers & Sellers Bargaining Power Buyers (finally) have more bargaining power.  For many, many months sellers had the distinct upper-hand and commanded above-list price offers.  Bidding wars were the norm.  Buyers had virtually no negotiating power.The numbers show that the dynamic has absolutely changed.The ratio of the final sales price to the list price is now at 98.1%. Meaning homes […]
Buyers & Sellers Halfway Check This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading. Here is a check on the market halfway through October. Compared to last October… Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  This […]
Buyers & Sellers Toward Balance Our market is moving toward a balanced market, but it is still unbalanced. By definition, a balanced market has between 4 and 6 months of inventory for sale. Today there is essentially two months.  One year ago, there was only 3 weeks of inventory. It has actually been 16 years since the market has been […]
Buyers Negotiation Power Gains Even though we’re still technically in a seller’s market, there is some good news for buyers: there is far less competition in the real estate market than there was a year ago, which means homebuyers are regaining some of their negotiation power.   Over the last couple of years, more buyers were willing to skip […]
Buyers & Sellers Under 100 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 […]
Don't Miss Our Next Post
Subscribe Now
Buyers & Sellers New Rankings 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: Florida = 29% […]
Buyers & Sellers What Gives? “I thought the market was cooling off, so why are prices still going up?” This is a frequent question we hear from our clients. They are understandably confused by the fact that average prices have continued to rise at a rapid pace even though sales activity is slower than what it was 6 months ago. […]
Fort Collins Real Estate More Days A stat that we have expected to change is finally changing. “Days on Market” measures how long it takes for new listings to sell. Over the last two years this stat plummeted to levels we have never seen before. In the height of the market frenzy a year ago, properties were taking 7 days or […]
Market Trends Delinquent Indicator A leading indicator of the health of any real estate market is Mortgage Delinquencies. Specifically, the percentage of mortgages which are at least 30 days delinquent can foretell the amount of distressed properties that may hit the market in the future. The most recent research shows that only 4.11% of all loans are delinquent. This […]
Market News Inventory Bottom In Front Range markets, the number of homes for sale has just hit bottom or is about to hit bottom. This is terrific news for home buyers who have been waiting for more homes to choose from. The market is shifting, there is no doubt about that. Prices are still increasing and we expect them […]
Buyers & Sellers What We Notice Here is what we notice about the market right now: Listings are receiving fewer offers compared to 60 days ago – instead of 10 offers, a listing might have 2. There are now several instances of a listing only having one offer. Sellers who were overly-aggressive with their list price have to quickly reduce in […]
Buyers & Sellers Common Real Estate Contingencies Contingencies help to spell out the specifics of a real estate transaction by dictating what must happen so the contract becomes legally binding. If certain conditions aren’t met, the applicable contingency gives the buyer and the seller the right to back out of the contract per their agreed-upon terms. When selling your home, a buyer […]
Market Trends Active Average While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet. These are the average prices, by area, for properties currently listed for sale and not sold yet: Metro Denver = $954,000 […]
Market Trends Rate Perspective Given the recent increase in mortgage interest rates, we think a little perspective is in order. The average 30-year rate for the last 40+ years is 7.5% Rates are now back within the range where they were between April 2018 and February 2019 Between January 2000 and December 2009, the high was 8.15% and the […]
Buyers Buy Before 5 30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac. We have new advice for anyone considering a home purchase in the next couple of years. Buy before 5.  This means buy before rates go to 5%. Even though rates have been ticking up over the last several […]
Market Trends 3.2 Trillion The new CoreLogic Homeowner Equity Insights report shows that homeowners in the U.S. have seen their equity increase by a total of $3.2 trillion over the last 12 months. Their data shows that 63% of all homes have a mortgage. On average, U.S. homeowners gained $55,000 while the average increase in Colorado was higher at […]
Buyers Townhome Surge Townhome construction has surged in the last 12 months.  This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide. According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year. Townhomes now represent 13% of all new residential […]
Colorado Professionals - Windermere
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2024 Windermere Real Estate