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June 2015 Denver Real Estate Market
Statistics &
Trends Report
for May 2015 MLS Statistics -
Download the
Press Release -
"The month of May brought in cool, wet weather and
also another strong month of new listings to keep many buyers happy! While
showing activity traditionally slows down in May due to Mother's Day, high
school and college graduations and Memorial Day, that didn't stop us from
seeing upward month-over-month trends in new and active listings, under
contracts, sold properties and overall sales volume.
Let's dig into the numbers. May 2015 registered 7,054
new listings – mostly unchanged from the previous month, but 4% less than
May 2014. As our housing inventory was replenished by an abundance of new
properties, 5,877 homes were placed under contract and 4,913 sold and
closed. We closed out the month with 5,657 active listings - which was 13%
more than the previous month, but that was still 24% less than what we had
available in May 2014. As we look at the month-over-month Detached Single
Family Home market, we saw a 1% drop in new listings while the average
sold price increased nearly 4.24% to $420,630 and the median price
increased 2.57% to $359,000. The Condo market (aka Detached Single Family)
also showed an uptick in the supply of new listings with a 3.38% increase
over the previous month, while the average sold price inched up 2.49% to
$262,859 and the median price increased 4.99% to $216,000. For the entire
Residential market (Single Family & Condo), under contracts were up 4.85%;
sold listings are up 3.80% and total sales volume was $1.85 billion
representing a 8.08% increase over the previous month. Current Days on
Market (DOM) continued to decline from the previous month by 13.79% or 27
days for single family homes and 20 for condos.
Home prices continue to rise and buyer demand continues to be very strong.
Overall, the Months of Inventory (MOI) is 1.28 for Single Family (aka
Detached Single Family) and 0.81 for Condos (aka Attached Single Family)
and 1.15 for Residential (RES). School is out or will be soon,
historically the next 45 to 60 days will represent the prime home buying
season as buyers desire to be in their new home prior to the start of the
next school year. The most expensive properties sold in May included a
Single Family home at $4.65 million in Cherry Hills Village as well as a
Condo for $2.5 million in Riverfront Park. Both listing and selling agents
were DMAR members. As always, I would like to encourage my fellow DMAR
REALTORS to keep consistency in the forefront. Innovate. Meet consumer
needs. Master your craft. Raise the bar.”
- Anthony Rael, Chairman - Denver Metro
Association of REALTORS Market Trends Committee
Download the Full Report & Press Release
DMAR
Real Estate Market Trends Report - June 2015 -
DMAR June 2015 Market Trends Press Release -
Media Coverage
"Buying a metro Denver home? It will cost you more than ever" - Denver
Business Journal - 6/4/2015
"Less than a 6-week supply of homes available" - Denver Real Estate Watch
- 6/5/2015
Archived Denver Real Estate Market Trends Monthly
Reports
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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