Colorado

An unprecedented number of metro Denver home sellers pulled their listing off the market last month, while thousands went the other way, rushing to list their homes before a major economic downturn made a sale tougher to achieve.

Above-average snowfall and rising concerns about the coronavirus didn't put a damper on local home sales last month, according to the Denver Metro Association of Realtors.

A new report shows Colorado Springs home prices remain among the nation's most expensive, which some local real estate agents worry is hurting the city's reputation as an affordable place to live.

When metro Denver's real estate market was running red hot a few years ago, buyers were timid about asking sellers to cover their out-of-pocket costs for fear of losing out to another bidder.

The resale side of the Colorado Springs-area housing market has picked up in 2020 where it left off last year: record high prices and strong sales that are great for sellers, but a sharp drop in the supply of homes that continues to torment buyers.

Boulder and Estes Park saw median home prices fall in January as compared to the same month in 2019, but elsewhere in the region prices ticked up modestly.

Home sellers came off the sidelines in January and showed buyers they were ready to play ball.

A strong economy and a bustling housing market helped push Colorado Springs-area foreclosures to a 22-year low in 2019.

Homebuyers across most of Colorado, not just those in metro Denver, are faced with much slimmer pickings heading into 2020, according to December market reports from the Colorado Association of Realtors.

From 2015-18, the time a home spent on the multiple listing service in metro Denver averaged a consistently short 26 days, but last year that average jumped to 31 days.

Colorado Springs-area homes sold at a near-record clip last year, but an inventory shortage held the market back from being even better.

Homebuyers in metro Denver will need to put aside visions of a more bountiful banquet of properties for sale as current owners are staying in their homes.

Metro Denver home prices, after years of effervescent gains, are going as flat as that unfinished bottle of champagne.

No matter who's doing the talking, Colorado Springs' red-hot housing market is expected to continue to sizzle next year, and possibly beyond.

Pending new home sales increased both on a month-to-month and annual basis, benefitting from the current low mortgage rate environment, although they are still constrained by inventory issues, a Meyers Research report said.

Colorado Springs-area homebuyers continued to find slim pickings last month, as the supply of local properties available for purchase remained at historically low levels.

If Denver-area buyers were expecting a bounty of homes to choose from this holiday season, they are going to be sorely disappointed. Sellers are playing the grinch as 2019 draws to a close.

In another sign of the hot real estate market in the Colorado Springs area, the number of mortgage foreclosures filed in El Paso County last month fell to a near-20-year low.

Home sellers in metro Denver appear to be trying to squeeze every last drop out of a historic run-up in prices. But in doing so, they risk getting squeezed themselves.

A record-setting spring and summer for Colorado Springs home prices have given way to a record-setting autumn.