Monthly Roundup March: DMAR in the News
BusinessDen
Real estate was added under the qualified list of “essential professional services” by the mayor’s office in a recent update to its original order. The Denver Metro Association of REALTORS® announced on Monday that it was a big win for DMAR members, the local real estate industry, and homebuyers and sellers in the community as they can continue to provide services as long as they comply with social distancing requirements. Read More
Following a busy weekend, agents nix open houses
Coming off a busy weekend, residential real estate agents are seeing fewer open houses as clients stay home amid concerns about coronavirus. David Schlichter with Compass said last weekend was the busiest one his team has ever had, working with eight buyers and sellers, many of whom made offers. Read More
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Denver’s Housing Market Remains Steady, Despite Coronavirus Fears
According to the latest Market Trends Report from the Denver Metro Association of REALTORS® home sales are showing no signs of slowing down. In fact, a drop in interest rates could exacerbate an already tight seller's market. Read More
The Denver Business Journal
A large volume of deals continued to get done over the weekend leading up to March 16, a testament to the sheer demand for homes in Denver. But practically all members of the industry are operating in uncharted territory as the pandemic further spreads and uncertainty sends shocks through markets. Read More
Prospective Denver homebuyers have fewer options heading into March
The latest market report from Denver Metro Association of REALTORS® points to a lack of options for potential homebuyers in the 11-county metro. Read More
Four Seasons penthouse sells for $16M, setting new Denver record.
The western-facing penthouse at the Four Seasons Private Residences sold last week for $16 million, according to property records, making it the priciest condo sold in Denver history. Read More
The real estate industry successfully fought to be included among the "essential businesses" allowed to continue operations for the duration of Colorado's stay-at-home order, which began March 26. Read More
National Mortage News
Metro Denver housing market holds its ground in February
Above-average snowfall and rising concerns about the coronavirus didn't put a damper on local home sales last month, according to a monthly update from the Denver Metro Association of REALTORS®. Read More
The Housing Bubble Blog
Housing Bargains Can Scare Off Shoppers Who May Fear They’d Be Buying At Another Market Peak
While the stock market struggled with fears of the spreading coronavirus, real estate stayed strong,’ said Jill Schafer, chair of the DMAR Market Trends Committee and a local REALTOR®. Sellers in metro Denver listed 5,122 properties in February, up 5.6% from January and on par with year-ago levels. Buyers closed on 3,429 homes in February, up 3.16% from January. Read More
Colorado Politics
Proposed changes to group living rules divide Denver residents
Plans to change Denver’s “group living” rules have created a split between residents. Younger generations tend to favor an update to the city’s zoning code that would allow eight unrelated people to live together in homes with 1,600 square feet or more, while many older homeowners worry about overcrowding, noise, inadequate home maintenance, scarce parking, unfamiliar neighbors and negative impacts on property values. Read More
The Denver Post
Metro Denver housing market holds its ground in February
Above-average snowfall and rising concerns about the coronavirus didn’t put a damper on local home sales last month, according to a monthly update from the Denver Metro Association of REALTORS®. Read More
Denverite
Housing inventory is down and prices are up in metro Denver
When demand outstrips supply, buyers compete, driving prices up. That plays out in the latest housing figures in Denver. Inventory was down 2.15 percent from January to February and down 19.64 percent over the year, to 4,835 active listings, according to the Denver Metro Association of REALTORS®. Read More
Our Community Now
Low-interest rates and an uptick in inventory point to a strong housing market for 2020
If you’re looking to buy a home in the metro area, we've got some good news. The number of homes listed for sale on the market increased by 89 percent last month. According to the Denver Metro Association of REALTORS®, 4,853 homes were placed on the market in January—more than double the inventory on-hand in December. Winter is normally a slow time of the year for the real estate market, but warmer winter weather and historically low-interest rates have pushed more consumers into the market. Read More
