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Rocky Mountain Real Estate News
The national median existing-home price for all housing types was $286,800 in April, up 7.4 percent from a year ago. Home prices remain solid, this marks the 98th consecutive month of year-over-year gains. #NAREHS
April 2020 Existing Home Sales
Housing market activity in April 2020 fell 17.8% from March 2020. April's sales of existing homes dropped 17.2% from April 2019.
First-time buyers were responsible for 36% of sales in April; Individual investors or second-home buyers purchased 10% of homes in April; All-cash sales accounted for 15% of transactions in April;
Distressed sales represented 3% of sales in April. #NAREHS
From the 2020 Home Buyer and Seller Generational Trends report, Gen Xers, buyers (aged 40 to 54 years), remain the second-largest share of buyers at 23% of all homebuyers in 2019 and, being the most affluent and diverse generation.
Gen Xers: Affluent, Diverse, but Held by Debt
Gen Xers, buyers (aged 40 to 54 years), remain the second-largest share of home buyers by generation at 23% of all homebuyers in 2019.
Realtors® Report That 77% of Potential Home Sellers are Preparing to Sell Following End of Stay-At-Home Orders.
Most Sellers Preparing to Sell When Stay-At-Home Orders Lift
Home sellers are gearing up to list their properties with the reopening of the economy, with half completing do-it-yourself home improvement projects.