The Denver Housing Market Much Like Tonight’s Fireworks Looks Like It Is Beginning To Burst

Denver's Housing Fireworks

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.

May ’19 Prices Hit a Record High, But Are The Denver Metro Association of Realtors Manipulating Numbers To Keep The Bubble Going?

DMAR House Of Cards

Month over month, prices in the Denver Metro area had an impressive increase given the weakness in recent months, rising 2.62% for median and 2.07% for average residential prices. Year over year, the pace of the housing prices rose with the average residential prices rising 3.36%, and the median residential prices rising 2.38% from May 2018 to May 2019.

National Existing Home Sales Fall For 14th Straight Month, While The West Was Up 1.8% Month Over Month. What Does This Mean For Prices? We Give Our May Price Forecast

Denver Existing Homes Sales May 2019

National existing home sales declined 0.4% in April 2019 after falling 4.9% month over month in March 2019. This is worrisome because during this two-month period mortgage rates have been falling to almost a one-year low. This is also the 14th month in a row of annual declines, which now makes it the longest stretch of declines since the housing crisis that occurred over a decade ago.

Housing Inventory Hits ’19 High, But Single-Family Sold Home Price Hits Record of $553,371. Should Bears Give Up?

April ’19 DMAR housing stats

Year over year the pace of the housing prices increase rose as well with the average residential prices rising 1.5%, and the median residential prices are flat from April 2018 to April 2019. We were in line with our forecast of a 1.11% rise for single-family homes average sold price rising 1.51% year over year and the median rising 0.5% year over year.