Monthly Roundup June: DMAR in the News
Our Association caught the attention of several major media outlets this month including Forbes, The Denver Post, Denver Business Journal, CBS Denver, and Denver Real Estate Watch.
Check out these news headlines, which mentioned our Association and referenced our June Market Trends Report.
Forbes
Denver area real estate ranks among the hottest in the U.S. and new numbers out today show why. After several years of sharply rising home prices and dwindling inventory, the number of available homes on the market hit a record low in May, falling by 3.4 percent to 5,463. That’s according to new figures from the Denver Metro Association of REALTORS®.
The Denver Post
Metro Denver’s tight home-resale market showed no signs of letting up in May, with the inventory of homes available for sale dropping to a record low for the month and home prices marching to new highs, according to a report Friday from the Denver Metro Association of REALTORS®.
Denver Business Journal
In May, 946 active listings in metro Denver, including both detached single-family homes and condominiums, were priced at $1 million or above, according to data from the Denver Metro Association of REALTORS® (DMAR). That number represents an 11 percent increase over May 2015, when 846 listings at that price range were active on the market.
At the same time, the average price for a home in metro Denver, including both single-family detached homes and attached homes such as condominiums, reached a new peak at $412,433, an increase of 9 percent over last year, according to data released Friday by the Denver Metro Association of REALTORS®.
CBS Denver
Anthony Rael of the Denver Metro Association of REALTORS® says the competition for homes is so great, spending money to upgrade a home to sell it is no longer an absolute must.
Denver Real Estate Watch
There were only 5,463 active listings of all homes available for sale in last month, a record low for any May on record, according to the Denver Metro Association of REALTORS® report.
