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Old 11-27-2018, 08:45 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564

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Denver housing prices collapse 0.05% from their peak

Yes, kids, the housing price collapse is upon us.
See the latest Case-Shiller data.
https://www.spice-indices.com/idpfil...lease-1127.pdf

Graphically at Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area

Last edited by Mike from back east; 11-27-2018 at 03:41 PM.. Reason: Not data, not a chart.
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Old 11-28-2018, 08:21 AM
 
20,836 posts, read 39,046,511 times
Reputation: 19063
CNBC and Bloomberg are reporting October new home sales (NHS), on a national basis. The effect on Denver is TBD.

- Forecast for Oct NHS was for 575k sales, but actual Oct NHS was 544K, a major miss.
- Oct NHS was a decline of 8.9% from prior month; higher interest rates are probably a cause.
- Median sales price down 3.1% from a year ago, to $309,700.
- All four regions showed a decline.
- Builders are sitting on 336k unsold new homes.
- Unsold homes inventory rose to a 7.4 month supply, up from 6.5 months, highest level since 2009.
- Noted declines: Midwest -22.1%; Northeast -18.5%; South -7.7%; West -3.2%.

Reminder: This thread is for data and charts only. To discuss Denver real estate use this companion thread.
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Last edited by Mike from back east; 11-28-2018 at 08:32 AM..
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Old 12-05-2018, 11:12 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Sellers still in control

(Correct data this time)

"In November, year to date, housing inventory has increased 46.76 percent compared to last year in the residential market (single-family and condos), but was down 11.82 percent from last month. Meanwhile, fewer homes sold in the Denver area in November, down 17.27 percent from October, and that dropped the number of sales year to date to less than any in the past three years.

Notably, the low months of housing inventory will keep homes prices strong according to Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. While the average sold price of $462,344 was down 6.3 percent from the peak price mid-year, it is up 6.47 percent year over year."

https://www.dmarealtors.com/dmar-rea...-report-dec-18

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Old 01-04-2019, 10:15 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
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Default DoM up. Inventory up. Prices up.

Another month where nothing really changes in the greater Denver real estate market.
https://www.dmarealtors.com/sites/de..._corrected.pdf

"In 2018, compared to 2017, the number of home sales was down 5.52 percent and housing inventory was up 44.71 percent by year-end...

“Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,” said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. “It was buyers’ turn to celebrate when the housing inventory jumped up in May and June, causing a market adjustment in the second half of the year and finally giving them some choices.”

With more competition, many home sellers had to make price reductions for the first time in years according to Schafer. She shares, “With sales down and inventory up, it might not make a lot of sense for home prices to be up, but they continued to rise.”

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Old 01-29-2019, 08:17 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Denver housing prices continue to "collapse".

Yes, kids, the housing price collapse is upon us.
See the latest Case-Shiller data.
https://www.spice-indices.com/idpfil...lease-0129.pdf

Graphically at Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area
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Old 02-04-2019, 07:48 PM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Small changes

https://www.dmarealtors.com/sites/de...rt_feb2019.pdf

"Buyers should be doing a happy dance because they finally have some choices. Even though the Denver metro area is still a seller's market in most price range"

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Old 02-26-2019, 08:26 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Prices still falling

Case-Shiller says prices are back to May of 2018.
https://us.spindices.com/documents/i...lease-0226.pdf

See charts
Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area

Don't get too excited. This is a 1% drop from the peak.
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Old 03-09-2019, 12:25 PM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Buyers are buying up the inventory

Read the complete DMAR report https://www.dmarealtors.com/sites/default/files/content/dmar_markettrendsreport_march2019.pdf

“Love was in the air in February’s real estate market. Buyers were loving homes so much they put 15.64 percent more homes under contract in the 11-county Denver metro area than they did in January,”

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Old 03-26-2019, 07:42 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Case-Shiller - prices up ( a teensy amount)

Only 2 cities were up in January 2019 - Dallas and Denver.

S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index

Denver prices are basically flat. No buyers' market for you.
Case-Shiller for CO-Denver
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Old 04-03-2019, 09:40 AM
 
Location: The Berk in Denver, CO USA
13,946 posts, read 20,190,335 times
Reputation: 22564
Default Better for buyers than a year ago

Read the complete DMAR report https://www.dmarealtors.com/sites/de...port_apr19.pdf

“While buyers are starting to push back on sellers’ list prices, they still have to put their best foot forward because, comparatively speaking, there’s not a lot of inventory to choose from.”

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