New and sold listings in June drop statewide in Colorado
Low inventory and higher mortgage rates stymied Colorado's typically robust spring housing market
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Low inventory and higher mortgage rates stymied Colorado's typically robust spring housing market
Despite a double-digit percentage increase in new listings, the continued low inventory and interest rates that hover around 7% hindered potential buyers
In recent months, we've documented the increasing challenges facing average house hunters in Denver, thanks to one of the most unexpected and unpredictable boom markets in local real estate history. But the struggle doesn't stop at city limits. Across Colorado, high demand that continues to outstrip inventory has increased the difficulty of finding a home to call your own without breaking the bank — or robbing one. That's one of the takeaways from a new overview by the Colorado Association of Realtors. The organization reached out to members across the state to get their take on the 2020 ma...