Welcome to the scariest month of the year, and boy did the Denver housing bulls get some scary information from the October DMAR report that was released last week. Metro Denver home prices fell in September 2019 from August 2019. August to September 2019 Residential Housing Price Trends Month over month median and average prices Metro Denver home prices fell in September. In the Denver Metro area, median prices fell 2.35% and were down 0.56% for average residential prices. The monthly fall in overall residential prices was to be expected as prices tend to weaken following the summer months. Single-family… Read moreDenver Home Prices Fell 2.35% In September 2019
the S&P CoreLogic (Case-Shiller) 20-City home price index rose just 0.11% month over month, missing economists’ expectations of a 0.2% rise. The index slowed to a 6.31% year over year gain, which is the weakest since December 2017.
Welcome to our new blog, we hope you like the new layout and easier to find URL. ending home sales came through rising 1.6% month over month, better than the 1.0% expected forecast. Year-over-year contract signings jumped 2.48%.
The red hot July housing market in the metro Denver region has cooled in August. Month over month median and average prices were down. In the Denver Metro area, median prices fell 1.16% and were down 1.30% for average residential prices.
In the August ’19 DMAR housing reported year over year the pace of the housing prices rose with the average residential prices rising 4.27%, and the median residential prices up 4.58% from July 2018 to July 2019. Month over month median and average prices were split. In the Denver Metro area, median prices rose 1.17% and were down 0.21% for average residential prices.
Experts were forecasting pending home sales to increase by 0.5% month over month but saw an even more solid beat, rising 2.8% month over month. Sales were 1.6% higher compared than last year, June 2018, and it also was the first annual gain in 17 months,
Existing home sales were expected to slow down in June, however, the drop was more than forecasted. Existing homes sales fell 1.7% month over month against expectations of a 0.6% decline to 5.27 million seasonally adjusted annual rate.
John H. Dolan has guest post where he describes a product that allows for more of a pure play on forward home prices -the Case Shiller home price index futures and options that can be traded on the Chicago Mercantile Exchange (CME).
Month over month, prices in the Denver Metro area decreased, falling 0.54% for median and 0.47% for average residential prices. Single-family homes sold prices dropped to $547,461. Year over year, the pace of the housing prices increase rose as well with the average residential prices rising 1.57% and the median residential prices up 1.9% from June 2018 to June 2019.
Existing home sales nationwide were up 0.9% year over year in the past month. Existing home sales year over year had been negative since the second half of last year and the start of 2019.