The Denver Metro Affiliation of Realtors month-to-month report for February 2025 reveals the market picked up in February from January, which is typical as we transfer towards spring. However when in comparison with final yr, year-over-year dwelling gross sales within the metro had been 16% decrease than February of 2024. Costs are up 2.47% yr over yr with the median value for a single household dwelling in Febuary at $645,575.
Mortgage charges have fallen just lately to the bottom stage since October. The 30-year fastened price was 6.73% on common final week. Bu the vast majority of dwelling house owners have a price beneath 4%.
Denver housing market nonetheless sluggish heading into spring shopping for, promoting season
On Tuesday evening in his speech to Congress, President Trump particularly pledged once more to deliver down mortgage charges. There is not any indication but how he plans to take action.
Most financial analysts agree the important thing to bringing down the price of housing is constructing extra, which might take years. Nonetheless, Core Logic studies newly enacted tariffs might improve development prices between 4-6% over the following 12 months as a result of many constructing supplies come from China, Canada and Mexico. That might add $17,000 to $22,000 to the value for the typical new dwelling construct.
Monetary web site SoFi launched a rating of markets the place it’s cheaper to lease. Sofi says any metropolis with a price-to-rent ratio over 16 is healthier to lease. If the quantity is over 21, it is thought-about “significantly better to lease.” Denver’s price-to-rent ratio was 28.
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