As reported yesterday by Metrolist, prices at the end of January were up 10% metropolitan wide as compared with prices at the end of January a year ago. Rents were reported in the Denver Post to be up $63/month in the last year amid growing demand for apartments and little inventory. On the bright side since December, interest rates have fallen from a high of 4.55 to current rates around 4.23, nearly a 6% decrease.
Finally, in the last 7 days we have seen 900 properties added to the market statewide as reported by Metrolist, while buyers have placed 1,300 properties under contract, leaving a current available inventory of 15,108 homes, condos and land available for sale in Colorado.
