Home sales in January lowest seen in more than a decade
Metro Denver home and condo sales fell sharply in January and properties as a group traded hands for prices slightly below those received a year earlier, according to anBuyers closed on 2,041 homes and condos last month, a drop off from the 2,884 sold in December and the 3,072 sold in January 2021. The last time metro Denver saw such a weak start to a year was in 2012 when 2,193 homes and condos were sold.
But pending sales, a measure of future demand, rose sharply last month. Mortgage rates stabilized enough to bring buyers back into the market and generate more competitive bidding situations, said Libby Levinson-Katz, head of the DMAR Market Trends Committee which put together the report.
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