Monthly Roundup July: DMAR in the News
Denver Business Journal
Denver Realtors® report less frenzy in the Denver housing market in June
The frenzy from the first half of 2022 in Denver’s housing market has fizzled, with buyers and sellers alike experiencing a whole different market now. Buyers looking earlier this year who decided to wait now face much higher interest rates. Sellers, meanwhile, are facing longer stretches of time on the market, in addition to some price reductions. Read More
Denver Post
Flood gates open on metro Denver housing inventory in June
The number of homes and condos available for sale in metro Denver surged by nearly two-thirds between May and June and nearly twice as many properties are now on the market compared to a year ago, according to a monthly update from the Denver Metro Association of Realtors®. Buyers, who have struggled with a record-low number of listings since pandemic lockdown orders ended more than two years ago, had four times the selection available to them at the end of June as they did at the start of the year — 6,057 vs. 1,477. Read More
New power buyer allows people to compete against companies offering cash in Denver’s housing market
Homebuyers in metro Denver have faced a tough market for years, with listings in short supply and multiple failed bids common on the path to the closing table. It can be especially frustrating when they lose out to cash buyers, whether investors looking to acquire rental properties or transplants who are shifting money from more costly housing markets. Read More
Drop in sales will be steeper than expected
Metro Denver’s housing market is facing some major headwinds that will contribute to a larger than expected drop in home sales and slower than predicted price gains, according to a mid-year update from the Denver Metro Association of Realtors®. Read More
Westword
Denver Home Prices Rise Again: July 2022 Update
Last month, the average price of a detached home in metro Denver fell for the first time since January, offering hope of a long-awaited temperature decrease for the area's blazing-hot housing market. But despite numerous metrics that suggest cooling should be happening, the just-released July market trends report from the Denver Metro Association of Realtors® shows that the detached-home average rose again last month — and the median price did, too. Read More
Denver Gazette
Denver inventory of for-sale homes 'skyrockets' in June
Evidence of the cooling Denver area home sales market mounted in June as the amount of inventory across single family homes and condominiums grew considerably from May to June, according to a report released Wednesday by the Denver Metro Association of Realtors®. Read More
Denverite
The number of Denver homes for sale has nearly doubled since 2021, as residents leave Colorado
Desperate homebuyers may finally have reason to celebrate — or at least properties to explore. There are 6,057 condos and houses for sale in the metro area — 93.01% percent more than were available at this time last year, according to the Denver Metro Association of Realtors®' latest market trends report. Read More
9News
Denver housing market showing signs of 'more normalization' and 'balance'
It's been a wild few years for Denver’s housing market. While prices remain high and inventory is still low by historical standards, realtors are starting to see some changes: more inventory, more power for buyers and some behavior that looks more like “normal” again. Read More
Denver7
Denver’s June housing report is out. What's changing and what it means for buyers, sellers
The number of homes and condos up for sale in the Denver metro rose by nearly two-thirds from May to June and the number of properties available on the market grew by nearly twice from a year ago, according to the latest market trends report from the Denver Metro Association of Realtors®. Read More
CBS
Housing market taking a turn in Denver metro area
Buying a home in the Denver metro area has been tough for a while now. A lack of available homes led to soaring prices, bidding wars and houses being purchased immediately after listing. Now, according to a June trends report recently released by the Denver Metro Association of Realtors®, there are 7.1% more homes for sale this year compared to this time last year. Read More
AXIOS
4 charming Denver homes for sale, starting at $599K
Metro Denver ended June with more than 6,000 properties on the market, the latest data from the Denver Metro Association of Realtors® shows. Why it matters: The region's red-hot housing market appears to be cooling down, with nearly double the inventory compared to this time last year. Read More
The Center Square
Report: Significant inventory increase didn’t slow Denver home price gains in June
Home prices in Denver continued to climb higher in June despite a significant increase in local inventory, according to the latest market trends report from the Denver Metro Association of Realtors® (DMAR). Overall, Denver ended June with more than 6,000 active listings on the market, a more than 94% increase over the last 12 months. But the average closing price rose to $719,000, representing a more than 12% increase over the same time. Read More
