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Monthly Roundup May: DMAR in the News

Our Association caught the attention of several major media outlets this month including 9 News, The Denver Post, Denver Business Journal and Denver Real Estate Watch.

Check out these news headlines, which mentioned our Association and referenced our May Market Trends Report.

9 News

 

 

The Denver Metro Association of REALTORS® are answering the phones for a special Real Estate Line9 Friday morning. The real-estate professionals can answer most questions about what's going on in the Denver metro real estate market including where home prices may be headed, advice for first-time homebuyers, and advice on how to tell if it's better to rent or buy right now.

►► Read the full article here

 

The Denver Post

The number of listings that had to return to the market because the winning offer fell through surged to more than a fifth of the total, double the usual dropout rate, said Anthony Rael, chairman of DMAR’s market trends committee and an agent with RE/MAX Alliance in Arvada.​

►► Read the full article here

The cost of a new home in metro Denver now averages $503,768, which contrasts with an average price of $398,663 for existing homes sold in April, according to the Denver Metro Association of REALTORS®.

►► Read the full article here

 

Denver Business Journal

Separately, the average price for a detached home hit $443,950, an increase of 10 percent over last year, while the average cost of a condo increased by 12 percent to $286,606, according to the latest data from the Denver Metro Association of REALTORS®.

►► Read the full article here

 

Denver Real Estate Watch

The average prices of all homes sold in the Denver area in April is quickly approaching $400,000, according to the Denver Metro Association of Realtors in a report released today. The average price of all single-family homes and condos sold and closed last month was a record $398,663 10.2 percent higher than the $361,271 average price in April 2015, according to the DMAR report released this morning. 


Missed the May Market Trends Report?

Download the report