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

October 2015 Denver Real Estate Market Statistics & Trends Report
Download the October 2015 Denver Real Estate Market Statistics & Trends Report -

Denver Housing Market - Anthony Rael

"The late, great Yogi Berra said it best, "You can observe a lot by watching." Without question, the same rings true for those who track MLS market statistics because in order to truly understand the Greater Denver real estate market, it's essential to watch for signs in the month-over-month stats while also observing the year-over-year trends to appreciate the impact on home buyers and sellers.

As we dig into the September MLS stats and trends: 5,847 New Residential (RES) Listings came on the market while 4,844 homes were placed under contract and 4,960 homes Sold and Closed. We closed out the month with 7,516 Active Listings – representing a 0.94% decrease over the previous month, which was 0.53% fewer than what we had available in September 2014. However, as we look at the month-over-month Detached Single Family Home market, we saw a significant decrease of 8.67% in New Listings, but this also represents a 12.71% year-over-year increase. The Average and Median Sold Prices decreased from the previous month at -2.51% to $398,591 and -1.65% to $340,000 respectively – representing 11.04% and 9.71% year-over-year increases. The Condo market (aka Attached Single Family) showed the supply of New Listings dropped 9.35% over the previous month, but increased 16.45% year-over-year. The Average Sold Prices slipped by 0.78% to $253,019 and the Median Price fell by 1.86% to $211,000. However, year-over-year Average and Median sold Condo prices appreciated a whopping 16.20% and 17.42% respectively! For the entire Residential (RES) market, which includes Attached and Detached properties, Under Contracts decreased by 10%; Sold Listings decreased 7.98% and total Sales Volume dropped 9.91% to $1.76B from the previous month, but is up 12.05% over the same period last year. Finally, a quick summary of the Year-to-Date (YTD) Residential market stats shows new listings at 54,816; DOM at 29; Average Price at $362,200 and a record-smashing $15.4B in total Sales Volume (a 15% increase over 2014).

Late last month, the Federal Reserve decided to leave interest rates alone and, within days, mortgage rates dipped even lower which has buyers giddy with excitement and ready to line up to write offers during October – which is generally considered the best time of year to purchase a home. We will continue to see brisk sales throughout the fall, but it's not yet known how the new Consumer Financial Protection Bureau TRID rules will impact closings. Most feel the average days of closing a financed deal will increase from 30 to 45 days, but results will vary depending on how educated and prepared lenders, title companies and real estate agents are moving forward."

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

October 2015 Denver Real Estate Market Statistics & Trends Report - Denver Metro Association of REALTORS - DMAR
Denver Real Estate Market Expert Opinion by Anthony Rael - Denver Metro Association of REALTORS - #dmarstats
Denver Real Estate Market Metrics - Denver Metro Association of REALTORS - #dmarstats
Denver Real Estate Market Insights - Denver Metro Association of REALTORS - #dmarstats

Denver Real Estate Market Statistics
Download the Full AUGUST 2015 Report & Press Release
Download October 2015 Denver Real Estate Market Statistics & Trends Report -
Download October 2015 Denver Real Estate Market Statistics & Trends Press Release -


Archived Denver Real Estate Market Trends Monthly Reports
  September 2015 - Denver Real Estate Market Statistics & Trends Report & Sept 2015 Press Release
  August 2015 - Denver Real Estate Market Statistics & Trends Report & August 2015 Press Release

  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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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

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