While still in a robust seller's
market, the July 2021 report indicates that as we head into fall, buyers
will start to have more time to review properties and less competition
on the number of offers overall. The July residential real estate market
reported an increased inventory of 29.92 percent, while it also
represented a decrease in closings of 12.30 percent compared to the
previous month, indicating a supply increase and demand decrease.
While the average closed price was 16.40 percent higher this July than
July 2020 and July represented the lowest number of active properties at
month's end in July’s history, with an inventory of only 4,056
properties, this number actually increased from June to July, reflecting
the flow of the market.
Overall, historical perspective in the Denver market indicates that an
increase in inventory and a decrease in sales volume is not uncommon in
the transition from June to July. With the relative lack of inventory,
it can be expected that the balance between supply and demand will stay
steady through the remainder of the year.
DMAR's 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).
The July 2021 Luxury Market reports that it is quickly moving and
remains strong overall. Both the attached and detached segments showed
close-price-to-list-price ratio averages at 101.39 and 103.40 percent,
respectively.
In the attached segment, the Luxury Market had slightly more inventory
month-over-month, more pending sales, less closings, a lower sales
volume and less days in the MLS. There was also an increase in the
close-price-to-list-price ratio and in the price-per-square-foot.
Meanwhile, month-over-month in the detached segment reported less
inventory, less pending, less closed homes, a lower sales volume and a
lower average days in MLS.
While 2020 was an anomaly, there have been massive jumps in the
year-over-year data. The Luxury Market has had a 108.05 percent increase
in closed sales. Year-to-date, the market is at 3,048 sold residences as
compared to 2017 when there were 1,075, and 2020 when there were 1,465
sold homes. Regardless of the pandemic, the Luxury Market is seeing
tremendous growth.
Digging Deeper: July 2021 Records
July 2021 was yet another record-breaking month!
source: DMAR Market Trends
Committee
ACTIVE LISTINGS
(Residential) 4,056 represents the lowest July on record. The previous
low was in 2017 with 7,352 active listings.
(Detached) 2,878 represents the lowest July on record. The previous low
was in 2020 with 4,001 active listings.
(Attached) 1,178 represents the lowest July on record. The previous low
was in 2015 with 1,415 active listings.
CLOSE PRICE — MEDIAN
(Residential) $540,000 represents the highest July on record. The
previous record was 2020 of $460,000.
(Detached) $600,000 represents the tie (June 2021) for the highest
amount on record. The previous record was May 2021 of $582,000.
(Attached) $381,250 represents the highest amount on record. The
previous record was May 2021 of $380,000.
CLOSE PRICE — AVERAGE
(Residential) $624,903 represents the highest July on record. The
previous record was 2020 of $536,871.
(Detached) $699,795 represents the highest July on record. The previous
record was 2020 of $596,876.
(Attached) $442,949 represents the highest July on record. The previous
record was 2020 of $384,373.
DAYS IN MLS — MEDIAN
(Residential) 4 days represents a tie (March through June 2021) for the
lowest number on record. The previous low was 5 days 11 other times.
(Detached) 4 days represents a tie (February through June 2021) for the
lowest number on record. The previous low was 5 days 6 other times.
(Attached) 4 days represents a tie (April through June 2021 & April
2015) for the lowest number on record. The previous low was 5 days 17
other times.
DAYS IN MLS — AVERAGE
(Residential) 9 days represents the lowest number on record. The
previous low was last month at 10 days.
(Detached) 8 days represents a tie (May & June 2021) for the lowest
number on record. The previous low was April 2021 at 10 days.
(Attached) 12 days represents the lowest number on record. The previous
low was June 2021 at 13 days.
MONTHS OF INVENTORY (MOI)
(Residential) 0.70 months represents the lowest July on record. The
previous record of 0.97 was in 2020.
(Detached) 0.70 months represents the lowest July on record. The
previous record of 0.83 was in 2020.
(Attached) 0.69 months represents the lowest July on record. The
previous record of 1.07 was in 2014 and 2017.
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
August 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
July 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
June 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
May 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
April 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
March 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
February 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
January 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
December 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
November 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
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
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
