In January, the Greater Denver Metro
housing market again broke an all-time record, a new inventory low with
only 2,316 total properties on the market, translating into an inventory
shortage and opportunity for appreciation to accelerate.
Single-family detached properties hit a record average price of
$629,159, while attached properties hit a record of $397,792.
Single-family home sellers saw a 101.03 percent close-to-list-price in
January and a drop to five days in the MLS, down from six last month and
24 days last year. Overall, the drive in demand has been proportionally
higher for single-family detached properties than attached properties,
explaining why the market is currently sitting with historic low
inventory for single-family detached properties.
DMAR's report confirms that as long as interest rates continue to remain
low and inventory scarce, there will continue to be multiple buyers for
every appropriately-priced house, and sellers across the state of
Colorado will continue to have the opportunity to navigate through
multiple offers and differing terms of their choice, ultimately choosing
one contract while disappointing several others.
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).
As the market navigates the "new normal” coming into 2021, there are no
signs of the Luxury Market slowing down. In January 2021, new listings
for the Luxury Market jumped a little from one month ago at 2.22 months
of inventory in detached luxury homes and 3.65 for attached luxury
homes.
Even with less inventory year-over-year, the market still saw an 85.71
percent increase in closed attached homes and a 70.19 percent increase
in closed detached homes. In January, the luxury residential market was
up 85.16 percent year-over-year for sales volume of $335,859,100, up
from $181,393,127 from one year ago. The detached luxury sales volume
was up 90.11 percent, and the attached was up 48.36 percent from one
year ago.
Digging Deeper: January 2021 Records
January 2021 was yet another record-breaking month!
source: DMAR Market Trends
Committee
ACTIVE LISTINGS
* Residential: 2,316 represents the lowest inventory on
record. Previous low was December 2020 of 2,541.
* Detached: 1,263 represents the lowest inventory on record. Previous low was
December 2020 of 1,316.
CLOSE
PRICE — MEDIAN
* Residential: $457,000 represents the highest January
on record. Previous record was in 2019 of $420,000.
* Detached: $510,000 represents the highest on record. Previous record was in 2019 of $459,950.
* Attached: $339,000 represents the highest on record. Previous record was in
Oct 2019 of $337,000.
CLOSE
PRICE — AVERAGE
* Residential: $550,425 represents the highest January on record. Previous record was in 2019 of $475,689.
* Detached: $629,159 represents the highest amount on record. Previous
record was in Oct 2020 of $622,990.
* Attached: $397,792 represents the highest amount on record. Previous record was in Oct
2020 of $391,259.
DAYS IN
MLS — MEDIAN
* Residential: 7 days represents the lowest January on record. Previous
low was set 9x between 2015-2020 at 5 days.
* Detached: 5 days represents a tie of the lowest number on record. We
have seen 5 days 5 time before.
DAYS IN
MLS — AVERAGE
* Residential: 27 days represents the lowest January on record. Previous
low was in 2016, 2017, & 2018 of 35 days.
* Detached: 22 days represents the lowest January on record. Previous
low was in 2018 of 37 days.
* Attached: 35 Days represents the lowest January on record. Previous
low was in 2017 of 25 days.
MONTHS
OF INVENTORY (MOI)
* Residential: 0.77 months represents the lowest January on record.
Previous record low was in 2016 with 1.23 months.
* Detached: 0.63 months represents the lowest January on record.
Previous record was in 2017 with 1.27 months.
* Attached: 1.03 months represents a tie with 2016 for the lowest
January on record.
PENDING
* Attached: 1,578 pending transactions represent the highest January on
record. Previous high was in 2020 of 1,457.
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
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
