Monthly Roundup April: DMAR in the News

The Denver Post

Spring home-selling season starts with a bang in metro Denver

Prices for single-family homes in metro Denver continued to perform gravity-defying feats of appreciation last month, as sellers as buyers alike raced to join the spring home-selling circus. Read more

Denver Business Journal

March sets record high for home prices — again

If you think it seems like you read the same story about housing prices every month, you're not off the mark. The average and median single-family home prices in the metro both set record highs in March, reaching $522,277 and $440,875 respectively, according to the Denver Metro Association of REALTORS® market report. “The anticipated cooling effect of unaffordability has yet to materialize in the figures,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee. “All in all, there are good numbers across the board with the same story line of low inventory and prices moving higher.” Read more

Colorado Real Estate Journal

Denver’s apartment lending fundamentals remain strong

The delay in homeownership is something that is even easier to understand when you consider the Denver housing market. This past February, the average price of a single-family home sold pushed above $500,000 for the first time ever, according to the Denver Metro Association of REALTORS®. I don’t know many 20-year-olds who can afford that down payment. On top of that, we are seeing new record-low inventory of homes for sale each month. January, for example, kicked off the year with a record-low inventory of just 3,869 homes for sale. Denver Metro Association of REALTORS®’ March 2018 Market Trends Report shows just 93 active single-family home listings in the Denver metro area under $300,000. In other words, with a population of more than 3 million people, it’s nearly impossible for entry-level home buyers to find affordable housing. Need I add that home prices are growing faster than wages and inflation? Read more