Thanks primarily to an unexpected rise in mortgage rates, which exacerbated affordability challenges, the spring home-buying season has yet to spring to life.
Though newly built home sales are thriving, sales of existing homes, which comprise the lion’s share of the housing market, have stagnated. On the bright side, tepid demand for existing homes is helping boost the country’s low housing supply. - Forbes
#RealEstate #MarketUpdate #May2024 🏠✨
March Market Update for Metro Denver
987
Active Listings
$835,000
Median List Price
69
Average Days on Market
$403
$ Per Square Foot
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