Consumer Confidence In Denver Real Estate Inches Up

Dated: 06/17/2014

Views: 873

From the Denver Business Journal 6/16/14
By: Caitlin Hendee

Consumer confidence in the housing market inched up a bit in May, and interest in the Denver metro area's condo market appears to be growing.Confidence in May scored 83, up from 81.7 in April, according to the Denver Metro Association of Realtors (DMAR) recent Denver Metro Real Estate Market Update report, which cites the rating from The Conference Board's Consumer Confidence Index.That comes on the heels of recent June reports showing record-high Colorado home prices and Realtor confidence increasing as low inventory numbers begin to steadily rise, with 7,479 active listings in May, according to the report.“Property values are up, but inventory has increased only slightly, making it an ideal time for prospective home sellers to start evaluating their property’s worth,” said Anthony Rael, chairman of the DMAR Market Trends Committee.Rael also said the condo market is one to watch, with 1,852 new listings in May."Single-family [home] and condo market indicators are spiking generously in May, with double-digit percentage increase in new listings, sold listings and overall sales volume," Rael said in the report. "In particular, the condo market is sizzling hot."Of those listings, 1,493 went under contract, according to the DMAR report.The DMAR Market Update uses real estate data for the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park.
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Ranae Urso

My name is RaNae Urso and I specialize in residential sales and buyer representation in the Denver Metro area. I have been in the real estate business over 14 years of my 30 years in Colorado. I enjo....

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