Monthly Roundup May: DMAR in the News
Our Association caught the attention of several major media outlets this month including 9 News, The Denver Post, Denver Business Journal and Denver Real Estate Watch.
Check out these news headlines, which mentioned our Association and referenced our May Market Trends Report.
9 News
The Denver Metro Association of REALTORS® are answering the phones for a special Real Estate Line9 Friday morning. The real-estate professionals can answer most questions about what's going on in the Denver metro real estate market including where home prices may be headed, advice for first-time homebuyers, and advice on how to tell if it's better to rent or buy right now.
The Denver Post
The number of listings that had to return to the market because the winning offer fell through surged to more than a fifth of the total, double the usual dropout rate, said Anthony Rael, chairman of DMAR’s market trends committee and an agent with RE/MAX Alliance in Arvada.
The cost of a new home in metro Denver now averages $503,768, which contrasts with an average price of $398,663 for existing homes sold in April, according to the Denver Metro Association of REALTORS®.
Denver Business Journal
Separately, the average price for a detached home hit $443,950, an increase of 10 percent over last year, while the average cost of a condo increased by 12 percent to $286,606, according to the latest data from the Denver Metro Association of REALTORS®.
Denver Real Estate Watch
The average prices of all homes sold in the Denver area in April is quickly approaching $400,000, according to the Denver Metro Association of Realtors in a report released today. The average price of all single-family homes and condos sold and closed last month was a record $398,663 10.2 percent higher than the $361,271 average price in April 2015, according to the DMAR report released this morning.
