Denver Real Estate Market Report & Statistics

Denver Colorado Real Estate Housing Stats & Market Trends Report
August 2019 Denver Metro Association of REALTORS® Market Trends Report
Single Family Homes | Single Family Condos | Residential Market | Luxury Market ($1Million +)
Denver CO Real Estate Market Snapshot & Infographics by Anthony Rael, RE/MAX Alliance

The current months of housing inventory indicate Denver remains a seller’s market,
but is heading towards a more balanced market with conditions favoring buyers.

Overall in the Denver-area residential market, 6.19 percent fewer homes were sold in July compared to the month prior and there was a slight uptick in days on market and price reductions. The average sold price in the residential market in July was $498,960, down slightly from June’s $500,010, yet still up 4.27 percent year over year. The median sold price, however, was up slightly month over month to $434,000 from $429,000. The average single-family home price was up 0.58 percent from June to $551,516, topped only by the slightly higher average prices in April and May. Year to date, the average sold price was up 1.83 percent. The average condo sale price was down 1.46 percent in July to $362,922; this is lower than the past three months, but up 3.01 percent year to date.

Sellers had their homes on the market for what might have felt like a long time compared to a year ago. The median days on market for single-family homes and condos was up 37.50 percent month over month to 11 days. While that percentage may sound significant, on average, home sellers only had to wait three more days to sell their properties in July compared to last year. Year to date it’s taking, on average, 29 days to sell a home compared to 24 days last year. Notably, fewer new residential listings came on to the market in July, down 12.37 percent from the month before. With fewer new listings, the pool of active listings, which has been growing for the past six months, finally shrunk a bit as the month ended with 9,359 active residential listings. The month of June’s slightly higher 9,520 active listings was the highest metro Denver has experienced in five-and-a-half years.

The DMAR monthly report also includes statistics and analyses in its supplemental “Luxury Market Report” (properties sold for $1 million or greater), “Signature Market Report” (properties sold between $750,000 and $999,999), “Premier Market Report” (properties sold between $500,000 and $749,999), and “Classic Market” (properties sold between $300,000 and $499,999). In July 2019, 240 homes sold and closed for $1 million or greater – down 8.40 percent from June and up 8.60 percent year over year. The closed dollar volume in the luxury segment year to date was $2.2 billion, up 6.25 percent from last year.

Year over year, the number of homes priced $1 million and oversaw an average sales price increase of 5.38 percent, price-per-square-foot increase of 16.61 percent, and sales volume increase of 14.44 percent.

In July, month over month, price per square foot for single-family homes increased 5.41 percent from $296 to $312, and notably decreased 22.56 percent from $625 to $484 for condos. Year to date, at $612 per square foot, condos realized a significant increase of 23.14 percent from $497 per square foot in 2018, while single-family homes realized a 6.01 percent increase.

Overall in the luxury segment, median days on market jumped to 26 days in July compared to 14 days in June. Year-to-date market activity has improved as median days on market for single-family homes has decreased from 24 days in 2018 to 20 days in 2019, and condos have decreased from 26 days in 2018 to 24 days in 2019.

Finally, the highest-priced single-family home that sold in July was $5,779,000 representing five bedrooms, seven bathrooms and 4,733 above ground square feet in Boulder. The highest-priced condo sale was $2,350,000 representing four bedrooms, four bathrooms and 4,850 above ground square feet in Denver.

Denver Real Estate Market Report & Statistics : Denver Metro Association of REALTORS

Denver Residential Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael Denver CO Condo Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael Denver CO Detached Single Family Home Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael Denver Residential Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael Denver Colorado Luxury Real Estate Market Snapshot - Denver CO REMAX Real Estate Agents & Realtors Anthony Rael Denver Residential Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael
DOWNLOAD AUGUST 2019 DENVER REAL ESTATE MARKET TRENDS REPORT

Single Family Homes | Single Family Condos | Residential Market | Luxury Market ($1Million +)
Denver CO Real Estate Market Snapshot & Infographics by Anthony Rael, RE/MAX Alliance


Monthly Report is based on the most recent previous month of MLS stats from REColorado
Source: Denver Metro Association of REALTORS® Market Trends Committee #dmarstats
Infographics Courtesy of: Anthony Rael, RE/MAX Alliance

Archived Denver Real Estate Market Reports
Month-end Inventory, Average & Median Sales Prices, Days on Market (DOM), Price Appreciation, Sales Volume & More!

  Denver Colorado Real Estate Market Statistics & Trends Reports - Main Index
  September 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  August 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  July 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  June 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  May 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  April 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  March 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  February 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  January 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  December 2018 - Denver Colorado Real Estate Market Statistics & Trends Report
  November 2018 - Denver Colorado Real Estate Market Statistics & Trends Report
  October 2018 - Denver Colorado Real Estate Market Statistics & Trends Report

  September 2018 - Denver Colorado Real Estate Market Statistics & Trends Report
  August 2018 - Denver Real Estate Market Trends Report
  July 2018 - Denver Real Estate Market Trends Report
  June 2018 - Denver Real Estate Market Trends Report
  May 2018 - Denver Real Estate Market Trends Report
  April 2018 - Denver Real Estate Market Trends Report
  March 2018 - Denver Real Estate Market Trends Report
  February 2018 - Denver Real Estate Market Trends Report
  January 2018 - Denver Real Estate Market Trends Report

  December 2017 - Denver Real Estate Market Trends Report
  November 2017 - Denver Real Estate Market Trends Report
  October 2017 - Denver Real Estate Market Trends Report
  September 2017 - Denver Real Estate Market Trends Report
  June 2017 - Denver Real Estate Market Trends Report
  May 2017 - Denver Real Estate Market Trends Report

  April 2017 - Denver Real Estate Market Trends Report
  March 2017 - Denver Real Estate Market Trends Report
  February 2017 - Denver Real Estate Market Trends Report
  January 2017 - Denver Real Estate Market Trends Report
  December 2016 - Denver Real Estate Market Trends Report
  November 2016 - Denver Real Estate Market Trends Report
  October 2016 - Denver Real Estate Market Trends Report
  September 2016 - Denver Real Estate Market Trends Report
  August 2016 - Denver Real Estate Market Trends Report
  July 2016 - Denver Real Estate Market Trends Report
  June 2016 - Denver Real Estate Market Trends Report

  May 2016 - Denver Real Estate Market Trends Report
  April 2016 - Denver Real Estate Market Trends Report
  March 2016 - Denver Real Estate Market Trends Report
  February 2016 - Denver Real Estate Market Trends Report

  January 2016 - Denver Real Estate Market Trends Report
  December 2015 - Denver Real Estate Market Statistics & Trends Report

  November 2015 - Denver Real Estate Market Statistics & Trends Report
  October 2015 - Denver Real Estate Market Statistics & Trends Report
  September 2015 - Denver Real Estate Market Statistics & Trends Report
  August 2015 - Denver Real Estate Market Statistics & Trends Report

  July 2015 - Denver Real Estate Market Statistics & Trends Report
  June 2015 - Denver Real Estate Market Statistics & Trends Report
  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 Statistics & Trends Report
  January 2015 - Denver Real Estate Market Statistics & 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

 


The DMAR Market Trends Committee, part of the Denver Metro Association of REALTORS®, provides timely, consistent, and relevant monthly summaries of valuable local real estate market statistical data for both its members and the general public. Statistics from the “Denver Metro Real Estate Market Trends Report” provide data for the following counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Source of the reported data is REcolorado.

Stats & Infographics Courtesy of: Anthony Rael, RE/MAX Alliance

Find Your Colorado Dream Home : Denver Colorado MLS Homes For Sale Property Listings : SearchHomesInDenver.com - powered by HomesInColorado REMAX Alliance

  Media Coverage
Former Denver Metro Association of Realtors Market Trends Chairman Anthony Rael with RE/MAX Alliance is a trusted "go-to" real estate expert for local, regional and national media. Below is a list of recent media interviews with Anthony providing expert commentary. Below are a few of media interviews he's provided commentary on:

Colorado Public Radio - Climbing Denver Home Prices Finally Spark Some Building
Colorado Public Radio - Denver Home Prices Are Still Climbing. The Good News? Price Growth Is Slowing
HousingWire.com : Mile-high Appreciation & Mile High Appreciation
Colorado Public Radio - As Buyers Spar Over Denver Homes, Veterans Find Themselves At A Disadvantage
VeroFORECAST Predicts Continuing Strength in Housing Market : Top Markets Rising 10 Percent Over The Next 12 Months
Denver Business Journal : Denver area housing market to see big value increase in 2018: Report
Denver7 & TheDenverChannel.com : Realtors warn of potential security flaw at homes listed for sale
Denver Post : Denver, northern Front Range real estate party ends in late 2019, new forecast predicts
Denver Business Journal [Video] : Battles are fierce for bidding homebuyers in metro Denver
Denver7 & TheDenverChannel.com : Thieves breaking into Denver homes are using real estate lockboxes to do so
5280 Magazine : Denver’s 2017 Real Estate Outlook
Denver Post : Denver area still lags in new home construction
Denver Business Journal : Metro Denver home inventory shortages persist as prices continue to grow
Denver Post : Metro Denver home prices slightly down, condo prices up in August: Rush on appraisals
Denver Real Estate Watch : Seasonal real estate peak
Denver Post : Home prices drop in metro Denver as affordability becomes an issue
Denver Business Journal : Metro Denver home prices continue strong gains
Denver Real Estate Watch : Record home price takes a breather
Worth Magazine : Influx of millennials creating exciting investment opportunities in Denver
Denver Post : Metro Denver sees a big jump in the inventory of homes for sale in June
Denver7 & TheDenverChannel.com : Finding a home for sale is hard to come by these days, but some have made it work
Denver Business Journal : Metro Denver home inventory up in June, but prices climbed faster
Denver Post : Denver median home sold price nears $400,000
CBS4 News : Denver’s Housing Market Just Keeps Getting Tighter
CBS4 News [Video] : Denver’s Housing Market Just Keeps Getting Tighter
Denver Post : Frustration rises as a fifth of Denver home sale deals fall through in April 
Denver Business Journal : Metro Denver housing inventory hits record low for May
Denver Post : Inventory of homes for sale hits record low in metro Denver 
9News Denver [Video] : Low inventory leads to creative home-buying tactics
Denverite : Do people move to Colorado for legal weed? Probably not, but no one knows for sure
Denver Post : Denver home sale listings jump 33.6 percent over record-low February
Denver Business Journal : Denver-area home prices continue to climb; low-priced inventory scant
Denver Business Journal : $20 billion in metro Denver home sales in 2015 and other records
Denver Business Journal : Denver home inventory continues climb in November, but so do prices
Denver Business Journal : Colorado home prices up 12 percent, but inventory up too
Denver Business Journal : Denver-area house prices up 11%, but slowdown could be in sight
Denver Business Journal : Colorado's home-price pressure eases with influx of new listings
Denver Business Journal : Is Denver's residential real estate market cooling off?
Denver Business Journal : Torrid metro Denver home-price pace to continue
Denver Business Journal : Passing $400K, average Denver-area house sale prices hit all-time high
Denver Business Journal : Metro Denver home supply down 32% in March from year ago
Denver Business Journal : Average home price in metro Denver tops $390K
Denver Business Journal : Denver metro home sales created a $22 billion impact in 2014
Denver Business Journal : Denver area home buying continues slowdown
Denver Business Journal : Residential real estate market softened in Denver during August
Denver Business Journal : Metro Denver homebuying hits $1.9 billion in monthly sales
Denver Business Journal : Buying a metro Denver home? It will cost you more than ever
Realty Today : Four Factors That Play Important Roles in Denver's Real Estate Market in 2016
5280 Magazine : Issues That Will Impact the 2016 Real Estate Market
MONEY Magazine : Buyers Guide: How to Beat the Competition in a Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
Colorado Springs Gazette : Colorado Springs' lower home prices lure frustrated Denver buyers
Kiplinger Magazine : Money-Smart Tactics to Prosper in This Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
TIME-Money Magazine : The Letter That Saved $11,000. Really.
Builder and Developer Magazine : Denver’s Housing Market Just Keeps Getting Tighter
MSN Money : Millennials shift to buying as rents surge
DenverPost.com : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair

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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