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January 2015 Denver Real Estate Market
Statistics & Trends Report
for December 2015 MLS Statistics
"Tis' the season to be breaking records!
While inventory throughout the 11-county metro Denver area continued to be
naughty, the number of sold listings, average sales price and sales dollar
volume were all very nice. Active listings for single family and condos
decreased nearly 20% from the previous month to an annual low of 4,355
units in December. At December month end, there was less than a 500-unit
difference between the number of active listings (4,355) and the number of
sold/closed (3,869).
Many Denver Metro Association of REALTORS® members feel that low inventory
levels may be the new norm, at least for the next 12 to 18 months. Sellers
will continue to have the upper-hand in negotiations with buyers, but
pricing and condition will need to be justified in order to ensure
top-dollar. Consumer confidence is high and mortgage interest rates are
low. Buyer demand is strong, but home buyers need to be patient and
prepare to compete until more inventory comes online. Foot-traffic and
sales activity for new home construction was strong in December and the
outlook for new builds looks favorable as buyers grow impatient waiting
for resale homes to come on the market. The question is, will builders
have enough skilled subcontractors to keep up with demand?
Combining the $17.5 billion in Closed Dollar Volume with the projected
$4.4 billion in the secondary market, our 11-county Denver metro real
estate market had a $22 billion impact on the area economy! One thing is
certain, 2014 proved that we can do more with less and we'll need to
figure out a way to replicate the successes of this year as we march into
2015."
- Anthony Rael, Chairman - Denver Metro Association of REALTORS Market Trends Committee
Download the Full Report
DMAR Real Estate Market
Trends Report - January 2015 -
Archived Denver Real Estate Market Trends Monthly
Reports
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
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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