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Denver Colorado Real
Estate Housing Stats & Market Trends Report
December 2019 : DMAR Real Estate Market Trends Report : DMAR Denver Metro
Association of REALTORS
Single Family Homes | Single Family Condos |
Residential Market | Luxury Market ($1Million +)
Denver CO Real Estate Market Snapshot & Infographics by Anthony Rael, RE/MAX Alliance
Fewer choices for homebuyers in Metro
Denver this holiday season. Both the number of new listings and homes sold
dropped month over month in November.
The number of new listings added to the Denver-area
housing inventory in November was down 32.7 percent month over month and
6.48 percent year over year. This reduction contributed to shrinking the
number of active listings from 8,557 in October to 6,988 in November, an
18.34 percent drop. For comparison, in the last quarter of 2018 there was
a surge in new housing inventory.
Closed sales were down 22.78 percent month over month, but sales were
still up by 2.17 percent year to date compared to 2018. The number of
homes that went under contract dropped 10.84 percent month over month
which, according to Schafer, indicates the number of homes sold will
likely be down next month, too.
The average days on market and the average sold price both increased in
the entire residential market. The average days on market was 35 in
November, up just one day from the prior month. Year to date the average
days on market was at 31, an increase of 24 percent compared to last year.
The average home price in November was $490,874, up 1.43 percent month
over month and 6.76 percent year over year. Breaking it down further, the
average single-family home price was $537,624 and the average condo sold
price was $365,856.
Our 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 November 2019, 166 homes sold and closed for $1 million or
greater – down 15.31 percent from October and up 26.72 percent year over
year. The closed dollar volume in the luxury segment year to date was
$3.45 billion, up 11.33 percent from last year.
DMAR finds that, while inventory has decreased from
the previous month, the close-price-to-list-price ratio has remained
steady from both the previous month and previous year. Out of the 166
luxury properties that sold, a little more than 90 percent of them were
single-family homes, which could explain why the months of inventory for
single-family properties is at the high end of a balanced market with 5.45
months of inventory. Likewise, months of inventory for condos shows a
buyer’s market at seven months. The average months of inventory across all
price points is 2.13, showing that “the Luxury Market is on its own
island.” The condo market has higher months of inventory compared to
single-family properties throughout all price points.
The highest-priced single-family home that sold in
November was $7,250,000, representing five bedrooms, 10 bathrooms and
11,860 above ground square feet in Cherry Hills Village. The
highest-priced condo sale was $5,359,975 representing three bedrooms, four
bathrooms and 3,518 above ground square feet in Denver.
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DECEMBER 2019 DENVER REAL ESTATE MARKET TRENDS REPORT
DOWNLOAD
DECEMBER 2019 DENVER REAL ESTATE MARKET TRENDS REPORT
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!
Archived Denver
Colorado Real Estate Market Snapshots
A graphical look back at market stats and trends since
2015 : Infographics compliments of Anthony Rael
City and County Real
Estate Market Reports
Denver Colorado Real Estate Market Statistics & Trends
Reports - Main Index
December 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
November 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
October 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
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
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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