This report reveals that new listings have increased by 18% statewide, leading to a higher median sales price and a more balanced market.
“Buyers are rarely in the driver’s seat during the height of the spring and early summer selling season but once again, due to the volatility in the mortgage rate market, we are quickly reaching parity where a near-balanced market also balances negotiation dynamics between seller and buyer,” Hardy said.Sold properties and those pending or under contract rose in April, increasing the median sales price.
“Elevated interest rates, rising insurance costs, and higher property taxes haven’t appeared to faze buyers and sellers here in the Mile High City,” Thayer said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: