Monthly Roundup September: DMAR in the News
The Denver Post
Metro Denver housing market’s summer slide extends into August
Metro Denver’s heated housing market continued to show signs of cooling in August, with single-family home sales and median home prices dropping for a second month, according to a monthly update Wednesday from the Denver Metro Association of REALTORS®. The median price of a single-family home sold in the 11-county area fell 2.4 percent from July to August for $410,000 but remains up 7.9 percent over the year. The number of single-family homes sold fell 8.7 percent month over month and is down 10.6 percent from a year ago. Read more...
Denver Business Journal
Metro Denver home sales slow again in August; prices continue to climb
In August, 5,124 homes sold, a decrease of 8.5 percent from the same month in 2016, and a similar drop to that seen in July, when 8.3 percent fewer homes sold than in July 2016, according to data from the Denver Metro Association of REALTORS®. Year-over-year drops indicate something more than seasonality. It's expected that the residential real estate market will slow at the end of the summer, but seeing drops when comparing like-months over time demonstrates a trend that real estate agents in metro Denver are also talking about among themselves, said Steve Danyliw, chair of DMAR's market trends committee and a local real estate broker." REALTORS® are reporting that it's still a seller's market, but buyers aren't as aggressive," Danyliw said. Read more...
Denverite
Denver metro real estate feeding frenzy may be lessening, report suggests
Local realtors, at least the ones that talk to the Denver Metro Association of REALTORS®' Market Trends Committee Chairman Steve Danyliw, agree: The housing market is turning. “Over the last two months, I’ve personally spoken to dozens of realtors and asked them a simple question: ‘Is the housing market turning?'” Danyliw wrote in DMAR’s September report. “Over 95 percent responded with a quick YES. One responded, ‘The feeding frenzy has lessened.” Read more...
Four numbers that explain Denver real estate in early September
Denver real estate agents are ready to acknowledge that the real estate market is changing. An informal poll from the Denver Metro Association of REALTORS®' Steve Danyliw found that over 95 percent of people he spoke with believe the housing market is changing. Yes, that’s super informal, but even people who sell houses for a living are ready to say that something is different, and I found that interesting. Among the other shifts reported by DMAR this month: fewer sold homes compared to last year. Read more...
9News
Want to buy a house in Denver? So about that …
The September report from the Denver Metro Association of REALTORS® is slightly more encouraging. There’s more housing inventory in metro Denver, but the median sale price for residential properties is $380,000 – up 8.57 percent year-over-year. For just houses, that number is $410,000 – up 7.89 percent. But in Denver, the data indicates at least in August, that buyers are getting pickier as prices continue to rise, according to the Denver Business Journal. Inventory is also a problem in the city. Read more...
Denver 7
Denver-area home prices dip slightly again in August; still up year-over-year
The cost of buying a home in the Denver metro area dipped slightly for the second straight month in August, according to the latest data from the Denver Metro Association of REALTORS®. The median sale price of all residential properties was $380,000 last month, a decrease of $5,000 from the month before. Compared to the same time last year, however, prices are still up more than 8 percent. While it’s difficult to say if the past couple months are indicative of a trend, Realtors say the numbers do seem to show that the market is cooling down some. “Housing numbers can be presented in ways to paint many different pictures,” said Realtor and DMAR Market Trends Committee Chairman Steve Danyliw. “Overall, I feel positive about this market even though we are transitioning towards something that looks more normal.” Read more...
Volunteers step in to help Parker family with much-needed home repairs
The Denver Metro Association of REALTORS® chose a Parker family to have their home rehabilitated. Sue and Steven Tull have lived in their tri-level home, which sits at the end of a cul-de-sac overlooking acres of open space, since the 90s. Their home was in desperate need of repairs, and Steve said keeping it updated was difficult over the years, and life challenges didn't make it easier. "It was just overwhelming. I wouldn't be able to afford it. Even if I can buy the materials, I'm not able to do that kind of work anymore," Steve said. Read more...
Where are the most homes for sale in Denver? Check out these areas
Denver7 checked with the Denver Metro Association of Realtors to find out where the housing inventory is highest. Denver has by far the most available listings of any city in the metro area, with nearly 1,800 as of Sept. 6. There were only about 7,300 active listings in the entire metro area in August, according to DMAR. The historical average is more than 17,000. Read more...
Westword
SMH! Here's How Much Priciest House and Condo in Denver Cost Last Month
According to the latest Denver Metro Real Estate Trend Market Report, accessible below, the average price of a home in the area came in at $434,478 for the month of August 2017. That represents a 2.75 percent decline from the previous month but was more than 8 percent higher than the same time last year. And speaking of higher, the prices for the most expensive home and condo sold in metro Denver last month were absolutely eye-popping. Read more...
