Monthly Roundup May: DMAR in the News
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Why New Home Builds in the Denver Area Aren’t as Affordable as They Seem
In early January, Cassie and Garhett Stafford put their name on the waitlist for a lot in Hawthrone at the Meadows, a new build community by Richmond American Homes in Castle Rock. The couple, who currently live in a townhome in that same community with their son and pet, wanted more space, privacy, and a yard. Read More
World Nation News
Colorado’s average single-family home price reached $600,000 in April
Homeowners unable to cope with the rising home prices of Metro Denver were able to look up and down the Front Range or other areas of the state for an alternative, but finding affordable alternatives is increasingly difficult. Read More
The Denver Post
Colorado’s median single-family home price hits $600,000 in April
Homeowners unable to cope with metro Denver’s rising home prices used to be able to look up and down the Front Range or in other areas of the state for a substitute, but affordable alternatives are getting harder to find. Read More
Westword
Why Many Denver Area House Hunters Are Still Priced Out in Seller's Market
According to Aurora-area realtor Sunny Banka, "We are seeing more price reductions on some homes and in some areas. ... Buyers should note that, while the market is still hot, they have a better opportunity at getting the home they are looking for." But Barb Ecker says that in the Jefferson County/Golden area where she specializes, "The market hit a bit of a wall in the last couple weeks of April. With increasing interest rates, some buyers are now being priced out of the homes they were once seeking to buy. Buyers may need to lower their price range to stay in the market, as they simply can't afford the home they were considering just a few weeks ago." Read More
Axios
Hot Homes: 5 Mile High City listings starting under $600K
Spring is historically seen as the start of the residential sales season — traditionally the hottest time of the year to buy a home. The big picture: After the pandemic spurred a serious housing market frenzy, there's no sense of normalcy in residential real estate these days. Read More
Fox 31
Mortgage rates loosen inventory in Denver, but prices keep climbing
It may be easier to find a house and make an offer on a house in the Denver area than in the past few months, but April’s statistics show that it’s going to cost you more. The Data Desk analyzed a report from the Denver Metro Association of Realtors® that seems to indicate the loosening of mortgage rates is loosening up the housing market, but the supply still hasn’t stopped prices from reaching more record highs. Read More
