Average mortgage payment in colorado9/22/2023 ![]() The available inventory of homes and condos listed on the market rose 8.9% from July to 6,858, which is just below the level of 6,939 seen a year ago.Ĭolorado mobile home company engaged in “unlawful price-fixing cartel,” lawsuit alleges In July, the annual decline in new listings was running at a sharp 24.8%. New listings, which had been trending lower, rebounded 1.7% last month to 4,863 and are down 6.2% on the year. The median number of days listings took to find a buyer rose significantly, from 9 to 11, a 22% jump.Ĭoncerns over a tougher market ahead may have motivated some sellers to speed things up. ![]() Sellers obtained 99.46% of the list price last month versus 99.89% in July. The number of home and condo sales fell 2% last month to 3,792 and for the year the sales count is down 16.1%. “The majority of sellers found themselves negotiating to get their homes under contract,” Nicole Rueth, a DMAR Market Trends Committee member and local mortgage professional, said in a video post accompanying the report. Mortgage rates hit a 22-year high last month, surging to 7.5% on a 30-year loan before falling back to around 7% on news of slower-than-expected job gains this month.Īnd while those higher mortgage rates weighed heavily on metro Denver’s housing market in August, they didn’t break it, according to a monthly update from the Denver Metro Association of Realtors. Digital Replica Edition Home Page Close Menu ![]()
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