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.

The Rise of High-Income Renters, Denver Leads the Pack

High-income renters are surging in Denver, Colorado

In the past ten years, the U.S. has seen a dramatic increase in the number of high-income renter households, from 3.8 million in 2008 to 5.7 million in 2017. Nowhere has this surge been seen more than in Denver. Denver and Austin lead the nation in high-income renter growth. These metros housed nearly 2.5 times more six-figure renter households in 2017 than they did in 2008. 

March Selling Season In With A Roar? We Disagree With Jill Schaffer, Chair Of The DMAR Market Trends Committee

Denver Real Estate Prices In with a roar in march 2019

Month over month, prices in the Denver Metro area reversed the trend, by rising 1.27% for median and 1.11% for average residential prices. Year over year the pace of the housing price increases slowed with the average residential prices rising by only 0.66% and the median residential prices falling 1.23% from February 2018.