Blog
We Have Years of Pent-Up Demand
Nicole Rueth - January 5, 2023 Having seen the calendar turn over, the largest borrower age group is now 32 years old. We have years of pent-up demand, with first-time home buyers still at an average age of 34. They were priced out for years, ...
Inventory Will Take a Front Seat In 2023
Nicole Rueth - January 5, 2023 While mortgage rates were the conversation for 2022, I believe inventory will take a front seat in 2023. This is the topic that gives me pause. Inventory ended the year with 4,757 homes for sale. While still lo...
When Will Rates Stabilize?
Those markets which appreciated the most, along with an abundance of new construction, will see the biggest corrections. As you know, Denver saw incredible appreciation adding us to the list of least affordable metros to buy. New construction i...
Existing-Home Sales Receded 1.5% in December
- Existing-home sales faded for the eleventh straight month to a seasonally adjusted annual rate of 4.02 million. Sales waned 1.5% from November and 34.0% from one year ago. - The median existing-home sales price climbed 2.3% from the previ...
It’s Not Going to Get Worse
Rates hit their high and came down, inventory locked up, sales dropped, and demand is still pent up. There is a path from here. News cycles in quarter one will pick up year-over-year comparisons, which will look worse, but watch the trends, fee...
Prepare to Buy a Home in 2023
In 2023, as the market continues to stabilize, there will be the opportunity to stay in the game to meet clients where they are and to help them capitalize on the wealth-building opportunities that real estate can provide. As we enter the ho...
Market Trends Reports | DEC. ’22
New Listings were down 21.4 percent for single family homes and 27.7 percent for townhouse-condo properties. Under Contracts decreased 30.9 percent for single family homes and 39.1 percent for townhouse-condo properties. The Median Sales Pri...
DMAR Wrapped 2022 | Our Year in Review
2022 was another exciting year for DMAR. Check out some of the most notable highlights and accomplishments in our annual year in review. Source:https://www.dmarealtors.com