Monthly Roundup July: DMAR in the News
Our Association caught the attention of several major media outlets this month including U.S. News & World Report, Worth, The Denver Post, Denver Business Journal, Fox31, and Denver Real Estate Watch.
Check out these news headlines, which mentioned our Association and referenced our July Market Trends Report.
U.S. News & World Report
According to the Denver Metro Association of REALTORS®, the average days on market for residential Denver homes in May 2016 was about 30 days. But if a home has been on the market longer than the average days on market, it doesn't necessarily mean that there is something wrong with it.
Worth
The place is hot. Although hot might be an understatement. “The word that’s used most frequently in describing the last two years of Denver’s real estate market is unprecedented,” says Anthony Rael, chairman of the market trends committee for the Denver Metro Association of REALTORS®.
The Denver Post
There were 6,796 homes and condos available for sale at the end of June, which was 24.4 percent more than the count of active listings at the end of May, according to a report Wednesday from the Denver Metro Association of REALTORS®.
“If we get anything under 5 percent in appreciation, sellers will lose their mind and think the market is collapsing,” said Anthony Rael, chairman of the Denver Real Estate Market Trends Committee at the Denver Metro Association of REALTORS®.
Denver has faced a shortage of listings for three years now. But the June home sales report from the Denver Metro Association of REALTORS® showed a 24.4 percent surge in listings in June vs. May, nearly six times the average increase between those two months.
Denver Business Journal
Active home listings in metro Denver increased by 9.7 percent year-over-year in June, but average home prices increased at a faster clip, jumping 12.2 percent, according to a report Wednesday from the Denver Metro Association of REALTORS®.
Fox 31 Denver
A report from the Denver Metro Association of REALTORS® shows an increase in the number of news homes listed for sale in the metro area from May to June. According to the DMAR report, from May to June, more for sale signs popped up across the metro area. New listings increased 24.2 percent.
Denver Real Estate Watch
Active home listings in June rose 24.4 percent to 6,796 from 5,463 in May, according to a report released today by the Denver Metro Association of REALTORS®. That is six times the typical seasonal month-to-month percentage increase in listings in June from May.
The sale of homes priced at $1 million or more absolutely sizzled last month, according to reports from the Denver Metro Association of REALTORS®, Kentwood Real Estate and Coldwell Residential Brokerage. “The number of luxury market homes sold in June climbed with our summer temperatures,” noted Jill Schafer and Brigette Modglin, DMAR Market Trends Committee members.
