Monthly Roundup September: DMAR in the News
Inman
4 things you need to know about running a modern brokerage
Denver has been the poster child for the nation’s red-hot real estate market for the past several years. With its population growing more than 10 percent in the past six years — and projections suggesting this trend will continue — demand for housing is not going to let up any time soon. Read More...
9News
Metro Denver home inventory shortages persist as prices continue to grow
Active listings in metro Denver's housing market declined from August 2015 while prices continued their steep climb, according to the latest report from the Denver Metro Association of REALTORS®. Both median and average sales prices for homes, including both detached single-family homes and attached townhomes and condos, increased by about 11 percent year-over-year in August. The average price rose to $404,160, pulled up by an active luxury market, and the median price in the metro area increased to $350,000. Read More...
Denver Post
Metro Denver home prices slightly down, condo prices up in August
Metro Denver’s housing market continued to show signs of leveling off in August, with both median and average prices dropping for single-family homes, according to a report Wednesday from the Denver Metro Association of Realtors. The time listings spent on the market also lengthened, from 25 days in July to 28 days in August, although outside forces are partly to blame. Read More...
Front Range real estate market feeling burn of appraiser shortage
“As the Denver real estate market has roared back, we’ve been met with a shortage of appraisers to keep up with the record number of homes that are going under contract and being sold each month,” said Anthony Rael, chairman of the market trends committee at the Denver Metro Association of REALTORS®. Read More...
Once called America’s “most perfectly planned community,” Northglenn is again looking good to buyers
Affordability is a key selling point for Northglenn, said Laura Ruch, broker associate with Keller Williams Preferred and current board chairwoman of the Denver Metro Association of REALTORS®. “That’s one of the biggest reasons you’re seeing the hot market that you’re seeing — there really are a lot of available homes in that under-$300,000 market,” Ruch said. “If you look in 80233, the Northglenn-specific area, currently active homes, you only have three that are active above $300,000.” Read More...
Denver Business Journal
Metro Denver home inventory shortages persist as prices continue to grow
Active listings in metro Denver's housing market declined from August 2015 while prices continued their steep climb, according to the latest report from the Denver Metro Association of REALTORS®. Both median and average sales prices for homes, including both detached single-family homes and attached townhomes and condos, increased by about 11 percent year-over-year in August. The average price rose to $404,160, pulled up by an active luxury market, and the median price in the metro area increased to $350,000. Read More...
Builder
Prices Rise, Listings Fall in Metro Denver
The Denver Metro Association of REALTORS®reports that active listings in the Denver area have declined by 3.4% since August 2015, while prices have climbed sharply. Average single family home prices are up by 9.8% year over year, up to $448,761, while average condo prices are up 13.3%, up to $288,744. Read More...
Denver Real Estate Watch
Seasonal real estate peak
It may have seemed like the Denver-area housing market cooled in August, given what a sizzling summer it has been. But a report released on Wednesday by the Denver Metro Association of REALTORS®, showed a typical seasonal cooling by some metrics. There was even a non-seasonal uptick in closings from July.
