The average size of new homes is dropping. This is after a two-year period that saw size increase significantly. This is according to the National Association of Home Builders’ Eye on Housing.The COVID-19 pandemic changed how much time people spent in their homes and also how they used their homes. Homeowners discovered a need for more residential space as work-from-home became more prevalent. This caused a demand for larger space. Now, as housing affordability has become more important, that trend is reversing. Median single-family square floor area fell to 2,203 square feet during the fourth quarter of 2022, and is now the lowest it has been since 2011.
Social Links Widget
Click here to edit the Social Media Links settings. This text will not be visible on the front end.
Fun Facts • March 3, 2023
Small is the New Big
by Fort Collins
Fort Collins Real Estate How to Price Your Home for Sale It’s natural for sellers to want to get every step of the selling process right, but a successful home sale depends on an accurate listing price. Your real estate agent will work closely with you to set the price, but in the meantime, you can use the following information to better understand what goes into […]
Colorado Housing Stat of the Month We just completed a review of the September numbers in our market. Here is the one number that is standing out to us – average price. Prices are way up over last year. Here are the specific average price increases in each of our markets compared to September 2019: Metro Denver = 13.2% Larimer County […]