Monthly Roundup November: DMAR in the News
Forbes
The Denver housing market is one of Colorado’s most active as the state capital is home to many employers and is one of the Mountain West’s largest cities. People also have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains. Read More
Better Homes & Gardens
The Difference Between a Family Room and a Living Room
Do you know the difference between a living room and a family room? Maybe it’s just semantics, but the meaning behind these terms and the functions we assign to them matter a lot when you’re listing your home or looking to buy. We’ll go over the differences between a living room and a family room and explore how you can leverage each in your listing for a better sale price. Read More
What an Attached Family Home Is-and What to Know Before You Buy One
If you’re shopping for a new home, you’ve probably noticed terms such as single-family home and duplex used in property listings, and you’ve probably figured out exactly what those home types are—but do you know how attached family homes fit into the picture? Attached family homes, also called townhouses, are homes that often share a wall and are typically designed as a row of houses. Read More
Westword
"Pandemic-Fueled Buying Frenzy" Is Over, Says Denver Home-Sales Report
The November market-trends report from the Denver Metro Association of Realtors reveals that the price for a detached home in the area dropped slightly in October, following an unexpected September rise. And other metrics suggest to the authors of the analysis that the local real estate scene is returning to seasonal normalcy after what they term a "pandemic-fueled buying frenzy." Read More
Fox 31
Denver metro home prices inching downward
The Federal Open Market Committee, the panel of Fed officials responsible for monetary policy, boosted the central bank’s baseline interest rate range to a span of 3.75% to 4%. It is the fourth consecutive 75 basis point hike issued by the Fed and the sixth interest rate increase since March. Read More
Denverite
For-sale signs are up and Denver metro real estate sales volume is down more than $1.2 billion
The median number of days a home is available is currently 17, up 240% from this time last year. New listings hitting the market are actually down almost 28% from a year ago. The median home price — including houses and properties in multifamily buildings — dropped from $580,000 in September to $566,000 in October. Read More
Denver Post
Buyers are pulling back hard in metro Denver housing market, but so are sellers
That tug of war between reduced demand and lower supply caused the inventory of active listings, which had been rising sharply this summer, to reverse course. There were 7,290 homes and condos listed for sale at the end of October, down 5.1% from the number listed at the end of September. Read More
Denver Gazette
Denver home inventory, prices and closings down in October as market continues cooling
Denver's residential home inventory declined slightly in October to 7,290 homes, but this still marked a 116% year-over-year increase, according to the Denver Metro Association of Realtors Market Trends report released Thursday. As the number of available for-sale homes declined, the number of closings dropped 24.64% to 3,315 last month. While inventory is still below pre-pandemic levels, report authors noted, it's an improvement from the previous year. Read More
Denver Business Journal
Denver's housing market 'evolving' in October report from the Denver Metro Association of Realtors
Rising interest rates and inflation are leaving their mark on the Denver housing market. The number of new listings hitting the market demonstrates part of a downward trend, with a 26.73% decline in new listings from last month and a year-over-year decline of 27.92%, according to the most recent report from the Denver Metro Association of Realtors. Read More
Denver7
September home sales: Active listings up, prices up slightly [video]
