Monthly Roundup September: DMAR in the News
Denver 7
August housing sales report: Prices down, listings down [video]
It’s now a buyer’s market, as Denver’s August housing report shows single-family home prices falling
“The majority of buyers’ motivations have shifted from buying for financial reasons to buying for their lifestyle” and all major statistical are pointing toward the market slowing down, said Andrew Abrams, chairman of the DMAR Market Trends Committee, in annotations accompanying the latest housing report. Read More
Denver Gazette
Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors® Market Trends report. Read More
Denver Business Journal
Denver housing market continued downward trend in August
For the first time since July 2020, the close-price-to-list-price ratio dipped below 100% last month, according to the latest report from the Denver Metro Association of Realtors (DMAR). August’s close-price-to-list-price ratio was 99.41%, indicating that many buyers are no longer offering over-asking on new homes. Read More
Westword
Denver Home Sales Down September 2022 Update
One possible reason: While the average cost of a detached home in the metro area in August tumbled by more than $30,000, to just shy of $745,000, the median price of $645,000 represents a dip of less than 1 percent. Read More
Denverite
Denver's housing market continues to slow as locals compete with wealthier newcomers
For houses, the median price is $645,000, which is down nearly 1 percent from the previous month but up more than 11 percent from this time last year. For condos and townhomes, the median price is $400,000, down over 2 percent from the previous month and up nearly 8 percent from this time last year. Read More
Business Insider
Denver's Housing Market Is Finally Slowing, and That's Good for Buyers
In May, the Denver real-estate market was buzzing with activity. The seasonal increase in homebuying was underway, turbocharged by the pandemic demand that was worsening bidding wars and propelling prices to new heights. Read More
MSN
Colorado housing market becoming more buyer-friendly
She closes on the sale of her current home this week, and expects to close on the new home about a week later. “I needed something that was move-in ready and I got it,” she said. “It’s across the street from a great K-8 school, and I have a 2-year-old son, so I’m looking forward to that and we can hit the ground running.” Read More
KOAA-AM
Colorado housing market ‘returning back to somewhat normal,’ August statewide report shows
The association’s August 2022 Market Trends Housing Report noted the drop in prices isn’t just due to rising interest rates and inflation, but also due to traditional seasonal slowdown that happens as families settle down from a busy travel season and kids go back to school. Read More
Denver Post
Rising interest rates, timid buyers shift Denver housing market
With interest rates rising, the Denver housing market is cooling off, and sellers are starting to feel squeezed. The days of multiple offers thousands of dollars over list price vanished, and homes take longer to sell despite continued limited inventory. Read More
BusinessDen
Price drops, expired listings and ‘stepping back’: Breaking down the summer housing market
The average price per square foot is falling and homes are taking twice as long to sell. Read More
AXIOS
Hot homes: 3 houses for sale around Denver, starting at $849K
After years of limited options, ruthless bidding wars and sky-high prices, economic uncertainty is balancing the market in the Mile High City. "Homes are still getting multiple offers but there are fewer of them, so buyers have a real opportunity to find a home they love and get under contract," Greg Hriso, real estate agent with Homie Colorado, said in a statement. Read More
