Denver Real Estate Market Statistics & Trends - Colorado Housing MLS Statistics & Market Indicators by Denver Metro Association of REALTORS, RECOLORADO.com, Colorado Association of REALTORS - Anthony Rael, REMAX Alliance
Denver Real Estate Market Statistics & Trends - Colorado Housing MLS Statistics & Market Indicators by Denver Metro Association of REALTORS, RECOLORADO.com, Colorado Association of REALTORS - Anthony Rael, REMAX Alliance

July 2015 Denver Real Estate Market Statistics & Trends Report
for June 2015 MLS Statistics - Download the Press Release - Download the December 2014 Denver Real Estate Market Trends Report

Click to view the July 2015 Denver Real Estate Market Trends Report
Denver Real Estate Market Metrics - Denver Metro Association of REALTORS - #dmarstats

Denver Real Estate Market Insights - Denver Metro Association of REALTORS - #dmarstats

 

"As a North Denver guy, I always look forward to summer ushering in great times walking the neighborhood feasts and bazaars, with a sausage sandwich in one hand and an ice cold one in the other, as “Sweet Caroline” plays in the background. Well, the sweet sound my fellow Denver Metro REALTORS® heard in June was 10-10-10, or as any Northsider would say, “An ace, a deuce and a tre.” So what exactly was the significance of 10 at the end of June as it relates to the Residential (RES) market? How about a 10% increase in active listings, sold properties, and a record-breaking $2.15B in overall sales volume compared to the previous month!

Digging into our June stats, it was a record-setting month in several categories: Residential (RES) SOLD prices averaged $377,550, with the median at $325,000 and closed dollar volume of $2.15 Billion; Detached Single Family (DSF) SOLD prices averaged $424,609 with the median at $362,000 and closed dollar volume of $1.7 Billion; Condo (Attached Single Family) SOLD prices averaged $217,999 with a closed dollar volume of $423.9 million and number of homes SOLD at 1,631. We brought on 7,130 new listings, 5,823 homes were placed under contract and a whopping 5,695 homes sold and closed. As we look at the month-over-month Detached Single Family Home market, we saw a slight 1.82% increase in new listings, while the average and median sold prices increased ever-so-slightly by 0.94% to $424,609 and 0.84% to $362,000, respectively. The Condo market (AKA Attached Single Family) showed the supply of new listings decrease 0.87% over the previous month, while the average sold price dipped 0.21% to $260,243 and the median price inched up 1.28% to $217,999. For the entire Residential (RES) market, which includes Attached and Detached properties, under contracts slipped slightly by 0.92%; sold listings shot up 10% and total sales volume jumped 10% to $2.15B. The Days on Market (DOM) declined from the previous month by 8%, or 25 days, for Detached Single Family Homes and 18 for Condos (Attached Single Family). Finally, a quick summary of the year-to-date RES stats shows new listings at 35,060; DOM at 32; average price at $362,525 and a record-setting $9.24B in Sales Volume.

Even with records being set in many categories, our market is showing signs of “easing up” or “cooling off” as we enter the prime home buying season, and some sellers are beginning to sense a slight shift in the market as we’re starting to see price reductions and the end of the “frenzy”. Buyers are finally able to go under contract without competing offers and, in some cases, finding a little room to negotiate. Escalation clauses are not as common, but appraisal and inspection considerations are still factoring into many purchase contracts.”

- Anthony Rael, Chairman - Denver Metro Association of REALTORS Market Trends Committee

Denver Real Estate Market Expert Opinion by Anthony Rael - Denver Metro Association of REALTORS - #dmarstats

Download the Full Report & Press Release
  DMAR Denver Real Estate Market Trends Report - July 2015 -  
  DMAR July 2015 Market Trends Press Release -

Media Coverage
  Denver Post - "Metro Denver home sales hit a record dollar volume in June, with median price up 0.84 percent to $362,000"
  Denver Business Journal - "Is Denver's residential real estate market cooling off?"
  9NEWS ran the CBJ story - "Is Denver's residential real estate market cooling off?"
  Westword Magazine - "Is Denver's Gentrification a Problem that Needs a Solution?"
  Denver Real Estate Watch - John Rebchook - "DMAR: June Sets Housing Records"
  5280 Magazine - "How to Navigate Denver's Competitive Sellers' Market" with REALTOR Anthony Rael
 

Archived Denver Real Estate Market Trends Monthly Reports
  June 2015 - DMAR Real Estate Market Trends Report & June 2015 Press Release
  May 2015 - Denver Real Estate Market Trends Report
  April 2015 - Denver Real Estate Market Trends Report
  March 2015 - Denver Real Estate Market 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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