Big shifts are increasingly favoring buyers over sellers.
A big chill continued to descend on metro Denver’s housing market last month as home sales fell sharply and the number of listings continued to soar, according to aThere were 4,279 homes and condos sold in July, down 21.2% from June and 31.6% compared to July 2021. The number of active listings rose 21.5% from June to 7,361, an increase of 81.5% year over year. There were more than twice as many homes available at the end of July as at the end of April.
For condos and townhomes, the median closing price of $408,000 was down 5.1% from June and remains up 7.4% over the past year. Three months ago, the annual rate of appreciation was running 17.5% for condos. The rapid cooling, which is being driven by higher interest rates and much higher home prices, may leave some buyers concerned that the market is in a bubble that is losing air, one that they should try to wait out.
How tight is inventory? Even with the big increases the past three months, it still remains less than half of the 15,971 listings averaged at the end of July between 1985 and 2021.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
$700 million in road projects planned for Huntsville metroNearly 50 road projects totaling about $700 million are in the planning stages in the Huntsville metropolitan area.
Leer más »
Metro ordered to clean up, regularly inspect control roomsThe transit agency’s regulator said it found one control room in a condition of disrepair and neglect.
Leer más »
Metro Failed To Maintain Rooms With Equipment That Keeps Trains From Colliding, Safety Commission FindsMetro failed to maintain rooms in stations that house equipment that prevents trains from colliding, according to the Metrorail Safety Commission, which called the problems a symptom of “organizational dysfunction.”
Leer más »
Things to do in the Phoenix metro area this weekend: August 6-7Need plans this weekend? From football to beer to monster trucks, there's plenty of fun events to check out across the Valley for Aug. 6-7.
Leer más »
Athletics break loose early, withstand onslaught of solo homers vs. AngelsRamon Laureano had a two-run double and a two-run home run by the fourth inning as A’s hold on against Angels.
Leer más »
EV sales expected to surpass 2021’s figures despite supply chain disruptions – reportIDTechEx expects the electric car market to surpass 2021 sales of ~6.4 million, as sales for the first half of the year have already reached 3.5 million.
Leer más »