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August 2015 Denver Real Estate Market
Statistics & Trends Report
Download
the August 2015 Denver Real Estate Market Statistics & Trends Report -
"Ask and you shall
receive! Denver REALTORS® have been begging for an increase in inventory
for the past 12-months and July was just what the doctor ordered.
New listings surged 5% over the previous month and 13% year-over-year
which naturally helped ease the average and median prices. And just when
you thought our days on market (DOM) couldn't get any lower…boom! The DOM
for Detached Single Family Homes dropped an additional 15.5% from the
previous month to 22. On the Condo side (aka Attached Single Family), the
DOM inched down to 17 – one day less than the previous month.
Digging into the sizzling hot July stats. As our market replenished itself
with 7,494 new listings, 5,484 homes were placed under contract and 5,484
homes Sold and Closed. We closed out the month with 7,470 Active Listings
– representing a 21% increase over the previous month, but that was still
10% less than what we had available in July 2014. As we look at the
month-over-month Detached Single Family Home market, we saw a modest 6%
increase in New Listings while the Average and Median Sold Prices
decreased ever-so-slightly by 1.38% to $412,996 and 2.78% to $350,000
respectively. The Condo market (aka Attached Single Family) showed the
supply of New Listings increase 2.48% over the previous month while the
Average Sold Price dipped 1.98% to $254,513 and the Median Price remained
relatively unchanged at $215,000. For the entire residential market, which
includes Attached and Detached properties, Under Contracts decreased by
5.82%; Sold Listings decreased 9.67% and total Sales Volume dropped to $2
billion from the previous month. Finally, a quick summary of the
year-to-date Residential market stats show new listings at 42,555; DOM at
30; Average Price at $363,016 and a record-smashing $11.45 billion in
Sales Volume.
As I mentioned in last month's DMAR Market Trends Report, the
Denver-area's overall real estate market was showing signs of "easing up"
or "cooling off" as we entered the prime home buying season and some
sellers were beginning to sense a slight shift in the market. DMAR's July
statistics appear to support that sentiment as a 20% rise in Active
Inventory at month's end will most certainly increase buyer's chances of
finding the home of their dreams, particularly as mortgage interest rates
continue at historic lows and prices begin to ease. This is all welcome
news for home buyers who have survived the recent months of our market
frenzy. Even with the most recent decline in average and median sales
prices, sellers have done remarkably well by realizing double-digit price
appreciation in our year-over-year analysis."
- Anthony Rael, Chairman -
Denver Metro
Association of REALTORS Market Trends Committee
Denver Real Estate Market
Statistics
Download the Full AUGUST 2015 Report & Press Release
Download
August 2015 Denver Real Estate Market Statistics & Trends Report -
Download
August 2015 Denver Real Estate Market Statistics & Trends Press Release
-
DMAR Media Coverage
 Denver Post -
"Metro
Denver home market cools down in July"
Denver Real Estate Watch - John Rebchook -
"DMAR: New listings surge in July"
Denver Business Journal -
"Colorado's home-price pressure eases with influx of new listings"
Misc. Denver Real Estate Media Stories
Kiplinger's Personal Finance -
"Money-Smart Tactics to Prosper in This Hot Housing Market"
5280 Magazine -
"How to Navigate Denver's Competitive Sellers' Market" with REALTOR
Anthony Rael
Archived Denver Real Estate Market Trends Monthly
Reports
July 2015 - Denver Real Estate
Market Statistics & Trends Report &
July 2015 Press Release
June 2015 - Denver Real Estate
Market Statistics & Trends Report &
June 2015 Press Release
May 2015 - Denver Real Estate
Market Statistics & Trends Report
April 2015 - Denver Real Estate
Market Statistics & Trends Report
March 2015 - Denver Real Estate
Market Statistics & Trends Report
February
2015 - Denver Real Estate Market Trends Report
January 2015 - Denver Real Estate
Market Trends Report
December
2014 - Denver Real Estate Market Trends Report
November 2014
- Denver Real Estate Market Trends Report
October 2014 -
Denver Real Estate Market Trends Report
September 2014 -
Denver Real Estate Market Trends Report
August 2014 -
Denver Real Estate Market Trends Report
July 2014 - 11-Denver
Real Estate Market Trends Report
June 2014 -
Denver Real Estate Market Trends Report
May 2014 -
Denver Real Estate Market Trends Report
Denver Real Estate Market
Stats & Trends Report - HOME
NOTES:
Interview requests from the media should be directed to DMAR's
Marketing Communications at (303) 300-8490
MLS stats are tracked in arears, so the published report
is for the previous month-end activity
The DMAR 'Premier Market' is
defined as $500,000 to $749,999
The DMAR 'Signature Market' is
defined as $750,000 to $999,999
The DMAR 'Luxury Market' is
defined as $1,000,000 and over
11-Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver,
Douglas, Elbert, Gilpin, Jefferson & Park
Research: Denver Metro Association of REALTORS® Market Trends
Committee
Source of MLS Data: REColorado.com
Glossary of Terms for Real Estate Stats
What is Median Sale Price?
What
are Active Listings?
What are
New Listings?
What
are Sold Listings?
What is Pending/Under
Contract?
What are Days on Market?
What is the Affordable
Housing Index?
What are Months Supply of
Listings?
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