LOCAL MARKET UPDATE
Navigating Turbulent Mortgage Rates in Denver
Denver’s real estate landscape is witnessing significant shifts amidst a challenging interest rate environment. A 20% decrease in sales in September from the month prior, coupled with a substantial rise in mortgage rates to an average of 8.04% as of 10/25, has marked a period of ...
October events and fun!
Present – October 29th: Corn Maze at Chatfield Farms
“Get lost in our 7-acre Corn Maze at Chatfield Farms. It’s time to “seas” the day as you dive in to explore our seven-acre corn maze. The maze can be viewed from a 15-foot-tall bridge. Visitors under the age of 10 can explore the corn mini-maze.” Tickets & More Info!...
An Unexpected Surge in New Listings
In a departure from the typical August lull, the metro Denver market showed an 8% month-over-month surge in New Listings since July. That’s a shocking increase since historically we would never expect activity to speed up moving from summer into fall.
It’s too early to tell if this is an ongoing trend or just...
September events to check out!
September 12th-16th: Colorado Mineral & Fossil Fall Show
“Join Us! Daily 10 am – 6 pm for Retail, & 9 am – 6 pm Wholesale Final Day (Sept. 16) 10 am – 4 pm Retail & 9 am – 4 pm Wholesale. Come to shop for mineral specimens, gems, fossils, handmade jewelry, meteorites, metals, cabochons, & more from artisans an...
Buyers Rates Increasing
Potential Sellers with Rates Under 5% Holding Strong
The Metro Denver real estate market remained slower in July, with an 18.5% decrease in sales. The number of Active Listings for sale also saw a notable decline of 14% as compared to last July. This decrease in activity can be attributed to the reduced attractiveness of ...