Monthly Roundup October: DMAR in the News
Our Association caught the attention of several major media outlets this month including The Denver Post, realtor.com, Denver 7, Denver Business Journal, The Gazette, Denverite, Builder and Denver Real Estate Watch.
The Denver Post
Closings stretched out as appraiser shortage weighs on Denver home market
Metro Denver’s home sales continued to cool in September, with prices leveling off and purchases taking longer to complete due to a chronic shortage of appraisers, according to a report from the Denver Metro Association of REALTORS®. Read More...
Redfin testing a 1 percent home listing fee in metro Denver
The median price of a single-family home sold in metro Denver last month was $380,000, according to the Denver Metro Association of REALTORS®. A 1 percent sell-side commission on a median-priced home would run $3,800 versus $11,400 at 3 percent. Read More...
Denver home prices tap the brakes as gains continue nationwide
Reports from the Denver Metro Association of REALTORS® also show the annual pace of home price gains are slowing, although they remain in the double-digits, a pace much stronger than what the Case-Shiller index is capturing. Read More...
realtor.com
Think U.S. Home Prices Are Rising Too Fast? It’s Much Worse in China
Median prices in Denver are also starting to come down. They were up 12.99% in September compared with the same time a year ago, but were down 0.57% from a month earlier, according to the Denver Metro Association of REALTORS®. Read More...
Denver Business Journal
Home prices still climbing in metro Denver, but sales pace slows
Home sales prices in metro Denver have continued to climb, but the pace of home sales is slowing and inventory ticked up in September, according to the latest data from the Denver Metro Association of REALTORS® (DMAR). Read More...
EXCLUSIVE: What $400,000 (or less) buys in today's metro Denver housing market
We researched homes available for $400,000 — or less — in 23 metro cities for a look at those closer in value to the average price in today's market. Right now, the average home price in Denver (including both detached and single-family houses and attached condominiums) stands at $396,706, while the median price is at $348,000, according to the Denver Metro Association of REALTORS® latest report. Read More...
Denver 7
[VIDEO] Hackers target pending real estate transactions in Colorado
The Denver Metro REALTORS® Association has been spreading the word about the scam, trying to prevent it from spreading through Denver’s red-hot real estate market. Read More...
The Gazette
Colorado Springs housing market still strong in the third quarter; outlook remains positive
The median price for a Denver-area single-family home that sold in September was $380,000 - a hefty $116,000 more than in the Pikes Peak region for the same month, according to reports by the Denver Metro Association of REALTORS® and the Pikes Peak Association of REALTORS®. Read More...
Denverite
Greenwich, Connecticut is the worst housing market in America
If Denver sold all the houses available right now, with the normal pace of sales, it would take only about 1.7 months to sell them, according to the Denver Metro Association of REALTORS®. Read More...
Builder
High Home Prices, Low Sales, and Long Listings Define the Denver Market
The average home price in the metro Denver area rose by 11.8% year-over-year in September, up to $296,706, according to the Denver Metro Association of REALTORS®. But at the same time, the number of homes sold last month was down by 5.5% YOY, with 4,936 homes sold as opposed to 5,226 in September 2015. Inventory rose by 1.1% YOY, and houses now spend an average of 32 days on the market, instead of 29. Read More...
Denver Real Estate Watch
September active listings buck trend
“This fall could still shape up to be the hottest home market in the last decade,” Anthony Rael. Rael, chairman of the Denver Metro Association [of REALTORS®] Market Trends Committee, made that prediction on Thursday, when DMAR released its September Denver-area monthly housing report. Read More...
“I don’t think it has ever happened before,” said independent Realtor Gary Bauer. Late last week, the Denver Metro Association of REALTORS® released its September housing report. It showed that there were 7,599 active listings on the market in September, a 3.71 percent increase from the 7,327 in August. Read More...
Luxury home market sizzled in September
The luxury market out-paced the overall single-family home market, which showed a year-over-year decline of 4.5 percent, according to a separate report by the Denver Metro Association of REALTORS®. Including condos, the overall market fell by 5.55 percent. Read More...
Million dollar home sales set September record
Earlier reports by Kentwood Real Estate and the Denver Metro Association of REALTORS®, showed similar trends. DMAR’s report showed that the luxury market was by far the best performing sector on a percentage basis, as the overall market saw a 5.5 percent decline, year-over-year. The Coldwell Banker report includes Boulder, while Kentwood did not track the sale of homes priced at $1 million or more in Boulder, but focused on the core Denver-area counties. Read More...
