by Jon Terry | Apr 17, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, Statistics, The Economy
The strength of the market showed itself yet again in March. The average days on the market plunged in March — a 35 percent decrease from March 2012. However, the average sold price statistic, $295,330, gives us the real story of the state of the housing market. This...
by Jon Terry | Apr 8, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, The Economy
A market runs on the principle of supply and demand, and the demand this year is slowly increasing. Average sale prices are up and this trend is expected to continue throughout the summer. Right now, everyone acknowledges that inventory is low and demand is high. Look...
by Jon Terry | Jul 27, 2012 | Blog, Housing Analysis
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORS®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted annualized basis. This is...
by Jon Terry | Apr 7, 2012 | Blog, Buying A Home, Housing Analysis, Residential Real Estate, Statistics
The new construction housing market appears primed for growth this season. According to the Census Bureau, the number of single-family building permits issued in February rose to 472,000 on a seasonally-adjusted, annual basis, marking this the highest building permit...
by Jon Terry | Mar 3, 2012 | Blog, Housing Analysis
The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on home buyers. This is because a...