In January, 4,853 new listings came on the market, a
massive 89.27 percent increase from the month prior. However, the month
ended with 4,941 active listings, a 1.91 percent drop from December,
because homebuyers placed 43 percent more homes in pending status month
over month which diminished the housing inventory surplus.
In the entire residential market, there was a 34.21 percent drop in the
number of closed homes and 35.19 percent drop in sales volume month over
month in January which was a reflection of the slower end of 2019. As
usually occurs this time of year, the days on the market were longer,
averaging out to 45 compared to 41 in December.
The average single-family home price was down from its summer highs, but
higher year over year by 6.86 percent to $532,494. The picture is a little
different for condos that experienced a 4.98 percent month-over-month drop
in average price to $355,754, which is also down 0.37 percent from the
same month last year; representing the first price drop in the month of
January in at least the past four years.
The bulk of single-family homes for sale at the end of the month was in
the $500,000 to $749,999 Premier Market price range. The most choices for
condos could be found in the $300,000 to $399,999 range. Buyers will find
the most opportunity to negotiate for both single-family homes and condos
over $1 million where the months of inventory were at 6.92 and 8.50,
respectively; home sellers were in control of negotiations in all other
price ranges.
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 January 2020, 107 homes sold and closed for $1 million or
greater, down 45.96 percent from December but up 12.63 percent year over
year. The closed dollar volume in the luxury segment in January was $161.5
million, down 46.31 percent from December but up 4.7 percent year over
year.
In the Luxury Market, the months of housing inventory
increased to 6.92 months for single-family homes and 8.5 months for
condos, up 40.63 percent and 68.42 percent month over month respectively.
Year over year in January, 11.76 percent more single-family homes closed
and 20 percent more condos closed in the Luxury Market. The number of
homes that closed in the entire residential Luxury Market was up 12.63
percent and total sales volume was up 4.7 percent from one year ago.
However, the number of homes closed in the entire luxury residential
market was down 45.96 percent and sales volume was down 46.31 percent
month over month.
The highest-priced single-family home that sold in
January was $7.4 million, representing four bedrooms, six bathrooms and
6,122 above ground square feet in Boulder. The highest-priced condo sale
in January was $2 million representing three bedrooms, three bathrooms and
3,245 above ground square feet in Greenwood Village.
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
October 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
September 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
August 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
July 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
June 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
May 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
April 2020 -
Denver Colorado Real Estate Market Statistics & Trends Report
March 2020 -
Denver Colorado Real Estate Market Statistics & Trends Report
February 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
January 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
2019 Year-End : a
30-Year Historical Perspective of the Denver Real Estate Market
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
