Home sales in January lowest seen in more than a decade
Metro Denver home and condo sales fell sharply in January and properties as a group traded hands for prices slightly below those received a year earlier, according to anBuyers closed on 2,041 homes and condos last month, a drop off from the 2,884 sold in December and the 3,072 sold in January 2021. The last time metro Denver saw such a weak start to a year was in 2012 when 2,193 homes and condos were sold.
But pending sales, a measure of future demand, rose sharply last month. Mortgage rates stabilized enough to bring buyers back into the market and generate more competitive bidding situations, said Libby Levinson-Katz, head of the DMAR Market Trends Committee which put together the report.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The great meltdown continues across the Denver metro areaBeautiful weekend ahead ☀️Temperatures above normal with 50s through Sunday and lots of sunshine in the metro before light snow arrives Monday. cowx
Read more »
Denver weather: Metro could see temps as warm as 60 degrees FridayThe high in Denver is 57 degrees, and the National Weather Service in Boulder said parts of the metro area could see temperatures in the 60s as the area continues warming up.
Read more »
The great meltdown continues across the Denver metro area this weekendThe first weekend in February will be quite pleasant across Colorado and our long lasting piles of snow will continue to diminish in Denver
Read more »
FBI Denver: Coloradans lost about $25 million in 2021 to crypto scamsThe number of people who fall for crypto scams is on the rise as more people start using cryptocurrencies, according to a warning from the Denver Division of the Federal Bureau of Investigation.
Read more »
Denver '90s Punk-Rock Band King Rat Plays the CryptThis longtime punk band refuses to stop.
Read more »
Denver police launch fentanyl investigations unit; overdose deaths ticked down in 2022At least 219 people died of fentanyl overdoses in Denver in 2022, according to the most recent data available from the Denver Office of the Medical Examiner. Although the 2022 data is not final, fe…
Read more »