A4HB Homebuyer's Blog

A4HB Team

Home Prices Way Up, but Interest Rates Keep Costs Down

Home Prices Way Up, but Interest Rates Keep Costs Down Home prices have increased dramatically in Boulder County and the Denver Metro area over the past 10 to 20 years, but lower mortgage interest rates have limited increases in housing costs for most home buyers. For the lucky few who can pay cash for their home, home prices and buying costs are essentially the same. But for most home buyers, the interest rate on their home loan has a big impact on buying costs.Check out the chart below and you’ll see that the median price for what we call a midsize home in Boulder

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2020 Market Stats

2020 Market Stats For a year that started out with a 6-week prohibition on home showings, what jumps out from our real estate market stats is that they show very little change from the strong seller’s markets of the past decade. The insanely tough market we’ve had since 2013 quieted just a bit in 2018 and 2019, with price increases dropping from 10% a year to about 3%. But despite the pandemic and slowing economy, the average price increase for single family houses in the communities we cover jumped from 3.2% in 2019 to 5.7% in 2020. Consistent with this, more properties sold

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