Denver Colorado Real Estate Market Report & Statistics : Denver REMAX Agent Anthony Rael

Denver Colorado Real Estate Housing Stats & Market Trends Report
November 2019 Denver Metro Association of REALTORS® Market Trends Report
Nov 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

Cooler weather in Denver brings with it a seasonal slide in the real estate market with a decrease in both new listings and the number of homes sold in October.

Denver Residential Real Estate Market Snapshot - Denver Colorado REMAX Real Estate Agents & Realtors Anthony Rael Denver Detached 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 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
DOWNLOAD NOVEMBER 2019 DENVER REAL ESTATE MARKET TRENDS REPORT

The number of new listings added to the Denver-area housing inventory in October was down 10.14 percent month over month, but still up 4.37 percent year to date. The 5,425 homes added to the market was the lowest number of new listings in a given month since February. The average days on market year to date was at 30, up 25 percent compared to last year which was at 24 days.

The housing price range that saw the biggest reductions prior to an accepted contract were homes priced over $1 million where the average price reduction was $149,742. In the entire residential market, homes priced under $500,000 had average price reductions between $10,750 to $21,362. Notably, in October, the average sold price of a single-family home was $533,483, up 1.96 percent year over year, and the average sold price of a condo was $365,665, up 6.95 percent year over year.

The DMAR 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 October 2019, 184 homes sold and closed for $1 million or greater – down 0.54 percent from September and up 6.36 percent year over year. The closed dollar volume in the luxury segment year to date was $3.17 billion, up 9.88 percent from last year.

There was a total of 2,051 luxury homes that sold year to date in October 2019 compared to 1,896 luxury homes that sold this same time last year, an increase of 8.18 percent. Luxury condo sales continued to perform well in 2019 too. The 237 condos sold year to date was an increase of 55.92 percent over last year. Year to date, single-family home sales have increased from 1,744 in 2018 to 1,814 in 2019, an increase of 4.01 percent.

Unlike the entire residential market as a whole, the Luxury Market’s days on market improved. Month over month, median days on market in the luxury segment went from 38 days in September to 28 days in October. Breaking down the numbers further, luxury condo median days on market decreased month over month by 30.77 percent from 26 days in September to 18 days in October. Median days on market for single-family homes improved by 17.5 percent year over year, from 40 days in October 2018 to 33 day in October 2019.

Year to date, the single-family average sold price of $1,544,450 in 2019 was an increase of 1.35 percent over the 2018 average sold price of $1,523,883. Same holds true with luxury condos which have realized an appreciation in average sales price of 4.02 percent year to date. This time last year, price per square foot in the entire Luxury Market was $306 year to date, and has increased 9.80 percent in 2019 to $336. Year to date, single-family luxury homes bumped up from $290 per square foot in 2018 to $303 per square foot in 2019. Condo year-to-date price per square foot jumped from $487 in October 2018 to $585 in October 2019.

The highest-priced single-family home that sold in October was $9,000,000, representing 8,373 above ground square feet in Cherry Hills Village. The highest-priced condo sale was $4,275,000 representing three bedrooms, four bathrooms and 3,466 above ground square feet in Denver.

DENVER METRO ASSOCIATION OF REALTORS: NOVEMBER 2019 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

  Denver Colorado Real Estate Market Statistics & Trends Reports - Main Index
  November 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  October 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
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  December 2015 - Denver Real Estate Market Statistics & Trends Report

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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 Dream Home in Colorado : Denver Colorado Homes For Sale : Denver MLS Property Listings : SearchHomesInDenver.com - powered by HomesInColorado

  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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