Early 2020 through early 2022 saw two of the busiest and unsustainable years of real estate activity ever recorded in Colorado and the nation. All-time low mortgage rates, population migration, and lifestyle changes drove unprecedented real estate sales volume and home value appreciation.

On January 6th of 2022, the year opened with interest rates at a historic low of 3.22%. The floodgates of buyers were thrown open and as many of you may have heard from friends and family who were making a move, the market moved at a lightning pace with homes flying off the shelf at above list price—in fact in April of 2022, 78% of all properties sold for more than the seller’s asking price, the highest percentage on record.

My fellow realtor friends and I knew

As we end the summer season I hear rumblings from folks that the market is “cooling off.”

There is definitely a seasonality to residential real estate. It’s also true that there are both myths and realities that the data supports in connection with this seasonality.

One myth is that most resale home transactions occur during the first half of the year. The graphs below tell differently. 

• On average, the distribution of closings per quarter is 19%, 29%, 29% and 23% over the last six years.
• Most sales occur in the 2nd and 3rd quarters – 58% of all closings occur in this six-month period.
• More sales occur in the last half of the year than in the first half of the year – 52% in July through December versus 48% in January through

Where can the Millennials find a place to live in Denver now? I get this question a lot. Back in February I wrote a blog on Affordable Neighborhoods Near Denver, http://lindseyfriedmanhomes.com/2016/02/29/affordable-neighborhoods-part-i/. Before I wrote that post, I actually had to look up the definition of a Millennial- and sadly, I found out I wasn’t one. In October 2004, researchers Neil Howe and William Strauss defined the group as “those born in 1982 and approximately 20 years thereafter,” putting the range at 34 years of age to 14 years of age. That range encompasses a vast array of stages in one’s life- a 23-year old’s life and priorities typically look very different from a 34- year old’s needs and goals in owning a home. That’s what make this

You might ask yourself, “Why does Lindsey from time to time send out a real estate snapshot showing a list of on the market and sold properties in my neighborhood? I’m not going to sell my house any time soon.” Why, it’s elementary! I want to make sure you are as educated as possible on the market- and not using 9News to arrive at your conclusions.

Housing averages, which generally irk me, do not tell the real story and are not predictive. It is more useful to study individual houses or neighborhoods over time, which can give you a much more reliable and granular picture of your local housing market.  As Alan N. Weiss, co-founder of the Case-Shiller Weiss housing market index and an expert on everything real estate data says, “Don’t be fooled by

What an exciting year 2015 was…I love this industry! Never a dull moment.

Inventory: The lowest levels of inventory recorded— 1 month for both detached and attached single family homes in the early spring months of 2015. This means it would take 1 month to sell all of these properties if no more came on the market. It is said that 3 months or below is a seller’s market, 6 months or more is a buyer’s.

Market Movement: 67% of sales in April 2015 were under contract in 7 days or less.

Highest Sales Prices: Home prices rose at double digit rates. The average home price climbed from $318,541 in 2014 to $358,578 in 2015 for an increase of 12.56%. Highest ever recorded sales prices for both attached and detached single family homes: $279,495 for