Monthly Roundup July: DMAR in the News
National Mortgage Professional
Denver Housing Inventory Expands as Sales Prices Dip
During June, there were 9,520 active listings for the Denver metro market, up 7.07 percent from May and up 28 percent from one year earlier. As inventory increases, sale prices dipped on a month-over-month basis. The average sales price for a single-family home was $547,461, down 0.82 percent from May but up 1.26 percent year-over year, while the average sales price on a condo was $370,442, down 2.16 percent from May but up 2.5 percent from one year earlier. Read More
5280
Denver Is Now a Buyers’ Market—At Least for Luxury Condos
Denver is building its way out of the housing crisis—at least for those who can afford luxury condos. The latest Denver Metro Association of REALTORS® report shows there is now 5.6 months of inventory of attached units worth between $750,000 and $1 million, meaning with Denver’s supply and the current rate of purchasing, it would take that long for every luxury condo on the market now to sell... Read More
Colorado Community Media
Housing market flattening out: 5 things to know
The Denver area’s real estate boom that saw rents and housing prices skyrocket in recent years is slowing down, experts say. “It’s flattened out a lot,” said Jill Schafer, the head of the Denver Metro Association of Realtors’ Market Trends Committee. “It’s still a good market for sellers, but buyers are regaining a lot more leverage.” Here are five things to know:... Read More
Westword
Denver Home Sales Shifting to a Buyer's Market, Expert Says
The real estate scene in Denver hasn't fully transitioned into a buyer's market. But it's shifting in that direction, as indicated by how many more concessions metro-area sellers are willing to grant now as compared to the recent past... Read More
Denver Post
Metro Denver’s supply of homes for sale surged in June
Like the delayed runoff now surging through creeks and rivers along the Front Range, listings continued to flow into metro Denver’s housing market last month, according to a monthly update from the Denver Metro Association of REALTORS®. Read More
Global luxury home brokerage plants flag in Denver
Engel & Völkers, a luxury real estate brokerage based in Germany, has established a franchise in Denver under the direction of local real estate veteran Jim Cavoto... Read More
Bidding wars turning quiet in metro Denver housing market
While lower-priced properties in good shape can still garner stronger interest, a declining share of homes receives multiple offers, according to statistics from Seattle-based real estate brokerage Redfin... Read More
Pay increases of 3.1 percent expected in metro Denver next year
Pay increases in metro Denver and Boulder are expected to average 3.1 percent for the third year in a row, according to an annual compensation survey from the Employers Council... Read More
Professional Builder
Bidding Wars Are Over in Denver
The Denver housing market is seeing a significant decline in the number bidding wars on homes, the Denver Post reports... Read More
The Denver Business Journal
Why Denver real estate agents are struggling to price homes as the market normalizes
It’s been some time since Jill Schafer, a broker associate with Kentwood Real Estate, saw so many price reductions in a week across metro Denver’s housing market... Read More
Denver 7
Denver Metro Association of REALTORS® June Housing Report
Average Home Price: $499,807 Homes Listed this Year: 9,520 Median Days on the Market: 10... View Video
Colorado Biz
What Is Going On With the Denver Metro Real Estate Market?
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14% and days on the market up 23%. This is the highest amount of inventory since October 2013... Read More
9 News
Average price down .54% May: $502,518 June:499,807 1.64% increase from June... View Video
KOA-AM
It's no secret it's been a seller's market for years in metro Denver as far as housing goes... Listen In
Channel 2 News
If you're waiting to sell your home at the top of the market. there are some signs that you might have missed it... View Video
The Profile: Washington Park
South Denver residents get creative on paying for housing
Janet Bardwell’s home in University Park has been in the family all her life. It is her childhood home and where she grew up. When her mother became sick in 2010, Bardwell moved back into the home to help care for her... Read More
Fox 31
Lakewood voters approve measure restricting development
Lakewood residents voted for a measure aimed at limiting development Tuesday. Ballot question 200 was approved by approximately 53 percent of voters, with the remainder voting against it... Read More
YourHub
What are Millennials and Baby Boomers Looking for in Condo Living?
s temperatures start to heat up in metro-Denver, following suit is the Colorado capital city’s condo market. The Denver Metro Association of REALTORS®’ (DMAR) Young Professionals Network hosted their annual Condo Insider Project event last week where developers of nine of the hottest condo projects in the Mile High City presented what’s in store for their future residents, sharing exclusive intel on each project’s amenities, community features and appealing to the active lifestyle both Colorado natives and transplants alike... Read More
