Monthly Roundup September: DMAR in the News
Our Association caught the attention of several major media outlets this month including Denver Business Journal, 5280, Housing Wire, Denverite, The Denver Post, National Mortgage News, Westword, Fox31, Patch, 9News and Denver7.
Denver Business Journal
See the top Denver-area luxury homes sold in Q2
New listings of homes priced at or above $1 million in the first half of 2020 were still up 1.76% from the same period a year ago, according to data from the Denver Metro Association of REALTORS®. But that was far short of the double-digit growth seen in that segment since 2016. Read More
Record-breaking August extends Denver housing market's hot streak
Denver's housing market in 2020 is now on pace to outperform a record-setting 2019 after another month of strong home sales in August, according to the latest monthly numbers from Denver Metro Association of REALTORS®. Read More
5280
August Was Another Record-Breaking Month for Denver Real Estate
Even as COVID-19 causes many industries to slow down or pause all together, the ongoing pandemic has seemed to have little impact on Denver’s booming real estate market. Read More
Housing Wire
As the COVID-19 pandemic began, Sarah Goode played an instrumental role in producing timely information and guidance for an industry in panic. Her contributions also helped REALTORS® continue to operate safely under Colorado’s stay-at-home executive order. Goode led the Denver Metro Association of REALTORS® team’s marcom program to quickly refocus its strategy to prioritize disseminating timely and relevant information to its more than 7,000 members. Read more
Denverite
The median price of a single-family home in the Denver area reached an all-time high in August
High demand and low supply have created an extreme seller’s market in the Denver area, with the median price of a single-family home reaching an all-time high of $464,000 in August. Read More
The Denver Post
Average metro Denver home sale price surpasses $600,000 for first time ever
Home and condo sales in metro Denver dropped by nearly a fifth in August from a record-setting July, but not because buyers pulled back. They had half as many homes and a fifth fewer condos and townhomes to choose from this year than a year ago. Read More
Increase in home prices wipes out savings from lower mortgage rates for Denver metro
Lower mortgage rates during the pandemic have meant lower monthly payments, providing buyers across the country with a strong motivation to purchase a home. But in metro Denver, home prices have appreciated so rapidly this summer that the benefits of that cheaper money have evaporated. Read More
Top Workplaces 2020: RE/MAX help buyers, sellers navigate real estate deals
When Colorado shut down in March because of the COVID-19 pandemic, Brad Whitehouse, owner of RE/MAX Professionals, predicted little change for the state’s housing market. Read More
National Mortgage News
Inventory shortage in metro Denver drives home price gains
Home and condo sales in metro Denver dropped by nearly a fifth in August from a record-setting July, but not because buyers pulled back. They had half as many homes and a fifth fewer condos and townhomes to choose from this year than a year ago. Read More
Westword
Reader: Everyone Wants to Be the Last Person to Move to Colorado
Denver's housing market is still red-hot, according to a just-released report from the Denver Metro Association of REALTORS®...and anyone who's tried to buy a house around here lately. Even during the pandemic, prices are rising, with the average cost for a single-family home in greater Denver in August hitting $606,330, a new record. Read More
Why Average Denver Home Price Just Blew Past $600,000
According to a just-released report from the Denver Metro Association of REALTORS®, the Mile High City's 2020 housing market, which some experts thought would crater amid the COVID-19 pandemic, is now expected to out-perform the market in 2019. Read More
Why You Can't Find a Home You Can Afford in Denver Right Now
The average price of a single-family home in metro Denver passed $600,000 for the first time ever in August, the most recent month with available data, despite the ongoing coronavirus pandemic. Read More
Fox31
Homebuyers drive up prices as Denver inventory hits all-time low
At the end of August, there were 5,496 active listings, which is 41 percent less than a year prior, according to the Denver Metro Association of REALTORS®. In particular, single-family homes were scarce, and the average home price reached a new record high of $606,330. Read more
Patch
Metro Denver Summer Real Estate 'Boom' Amid Pandemic: Update
August saw the most metro Denver home sales of any month of August on record, according to a September market trends report. Housing inventory, on the other hand, hit the lowest point for any month of August on record — with 40 percent fewer homes on the market compared to last year. Read More
9News
Denver metro home prices hit record $606,330 as inventory plummets
The latest report from the Denver Metro Association of REALTORS® (DMAR) shows the average price of a detached home in the 11-county metro area hit a record $606,330 in August. Demand is extremely high as potential buyers look to take advantage of low interest rates. Read More
Denver7
Home prices up, inventory down in Denver area
