Metro Denver’s housing market saw signs of an early spring last month, with both new listings and closings rising sharply, according to an update from the Denver Metro Association of Realtors.
New listings, a measure of seller activity, rose 29.1% month-over-month to 4,243, an increase of 22.6% from a year earlier. Closings were up 31.2% month-over-month to 2,864, but they remained down 0.45% from year-ago levels.
There were 5,511 homes and condos available for sale at the end of the month, an increase of 13.1% from January and 45.9% from February of 2023.
The median sales price for a single-family…
Realtor Raquel Rae
Lighthouse Realty | Ludington
The cost of single-family homes. “In the market, single-family homes in central locations remain at the top of the priority list for those who want to move. Most of the homes that are still highest in demand are three-bedroom, two-bath homes that are in move in–ready shape. A large majority of buyers who are serious about their search and pre-qualified are those with federally subsidized loans like FHA, RD or VA. For these loans to finance, the big-ticket items within a home need to be in good working order, such as the roof,…
Last year’s real estate market was notably more subdued in the real estate market compared to recent trends — but at the start of 2024, the market appears to be heating up again, experts say.
A recent study by Construction Coverage ranked Killeen 93rd compared to similarly sized real estate markets throughout 2023.
The study compared the median sale price from year to year, the percent of homes that sold above asking price, the median number of days on the market, the average sale-to-list percentage, and the number of listings with price drops.
Their data shows the median home sale…
It’s been a rough few years for the commercial real estate industry with rising interest rates, increasing operational costs, fewer available loans, and the rise of the hybrid work trend—something that’s proven to be a thorn in the side of office owners.
Scott Rechler, CEO of the commercial real estate giant RXR, told Fortune that the industry even went through all the emotional hallmarks of the first four stages of grief—denial, anger, bargaining, and depression—in 2023 as the fallout from its challenges hit home. But now, according to Rechler, CRE leaders have entered the final stage of grief: acceptance.
The…