Colorado Association of REALTORS Statewide Statistics
With spring here in all its bounty, it’s time to renew, refresh and revive our understanding of what’s
fueling the ongoing market recovery. First, tightened inventory levels combined with strong demand
are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties
to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery.
Let’s check the local scene.
New Listings decreased 7.2 percent to 31,925. Sold Listings increased 16.1 percent to 18,343. Inventory
levels were at 30,114 units. Prices moved higher. The Median Sales Price increased 14.8
percent to $225,000. Days on Market was down 21.7 percent to 90 days. Months Supply of
Inventory was at 4.1 months.
On the economic front, things inched forward. We saw a minor but important upward revision to
Q4-2012 GDP growth that put us back in positive territory. In the political arena, key debates
over the deficit, marriage, gun law, immigration reform and tax policy rage onward. The squeaky
wheel gets the grease, and with this emerging housing recovery, there are no imminent
housing-related bills. Perhaps that’s a good thing.
Current as of April 12, 2013. All data from the multiple listing services in the state of Colorado. Powered by
10K Research and Marketing.
Examples and are based on market conditions as of May 2nd, 2013. Local rates include 1 point paid to Lender. This is not a guarantee of any kind. Interest Rates are subject to daily change based on market conditions and a variety of specific qualifications for borrowers.
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Bolder Boulder http://www.bolderboulder.com/
Boulder Creek Festival http://www.bceproductions.com/boulder-creek-festival/
Colfax Marathon www.coloradocolfaxmarathon.org
Denver Comic Con http://www.denvercomiccon.com/
Boulder County Cycle Fest www.coloradomtb.org