January 2021 Denver CO Real Estate Statistics & Market Trends Report
DMAR Denver Real Estate Market Trends Report : Denver Metro Association of REALTORS
Single Family Homes | Single Family Condos | Residential Market | Luxury Market ($1Million+) #DMARSTATS
Denver CO Real Estate Market Snapshots by Anthony Rael, REMAX Colorado Realtor

High appreciation along with historic sales volume created another benchmark in 2020 of over $33.1 billion of residential real estate sold

In December, the Greater Denver Metro housing market continued to showcase the consistent buyer resiliency to pursue home-ownership. For the first time in Denver’s history, there were over 62,985 homes purchased throughout the year, 6.95 percent more than 2019.

December presented another historically low month of inventory with 2,541 active listings on the market: the first time ever Denver has seen under 3,000 listings. High appreciation along with historic sales volume created another historic number of $33.1 billion dollars of residential real estate sold in 2020. Median attached properties appreciated at 7.11 percent year-over-year while detached properties appreciated at 12.93 percent.

Detached properties continue to be most desired with a limited inventory at 0.4. For single-family detached properties, Denver ended the year with 39.17 percent less inventory than December 2019 with only 1,316 houses on the market. In comparison, there were 1,255 attached properties at the end of December, down 26.95 percent from the previous year.

“On first glance the current Denver metro real estate data can feel staggering for potential buyers,” said Lawrence Yun, Chief Economic and Senior Vice President of Research at the National Association of REALTORS®. “However, the current ultra-low mortgage rates are helping buyers to accomplish their American Dream, which means the Denver area is actually still more affordable now than a year earlier even though home prices rose 14 percent. The 30-year fixed rate, which has dropped more than one percentage point over the past 12 months, is hovering into record lows. These low mortgage rates decrease borrowing costs significantly.”

The DMAR 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 December 2020, new listings for the Luxury Market were up 14.65 percent compared to 2019, with pending sales climbing to 36.50 percent, and closed sales reaching 34.74 percent.

The detached Luxury market experienced the largest growth with every metric experiencing growth for the year except for days in MLS, which showed a decline as properties sold in record time and proved that buyers favored more open and flexible space for a work-life balance. New listings rose in December to over 59.34 percent with 145 listings, up from 91 this time last year.

The attached market, however, had a different outcome this past year with new listings growing slightly year-over-year from 473 in 2019 to 517 in 2020 reflecting a 9.3 percent growth. However, last month this number saw a considerable drop-off down 63.83 percent with 17 listings down from 47 this time last year. The rest of the numbers are slightly lower as well as buyers opted for more space and privacy.

Meanwhile, the Classic Market once again clocked in as arguably the most competitive market with the average days in MLS at 20 days, 23.08 percent lower than 2019, and median days in MLS at only six days, 45.45 percent lower than 2019. 31,913 new residential listings hit the market in 2020, which is 2,255 fewer and 6.60 percent less than the 34,168 that came available in 2019. The Premier Market also unsurprisingly came out stronger in 2020, with the average close price in 2020 at $547,461, up 13.47 percent from $482,487 year-over-year, making the market a firm seller's market.

January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance
January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance
January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance January 2021 : Greater Denver Metro Real Estate Market Snapshot : compliments of Anthony Rael, RE/MAX Alliance

Digging Deeper: December 2020 Records
December was a record-breaking month in several categories!

source: DMAR Market Trends Committee

ACTIVE LISTINGS
* Residential: 2,541 represents the lowest inventory on record. The previous low was December 2017 of 3,854.
* Detached: 1,316 represents the lowest inventory on record. The previous low was November 2020 of 1,755.

CLOSE PRICE — MEDIAN
* Residential: $460,000 represents the highest December on record. The previous record was in 2019 of $417,000.
* Detached: $507,000 represents the highest December on record. The previous record was in 2019 of $488,950.
* Attached: $332,000 represents the highest December on record. The previous record was in 2019 of $309,950.

CLOSE PRICE — AVERAGE
* Residential: $547,461 represents the highest December on record. The previous record was in 2019 of $483,208.
* Detached: $616,895 represents the highest December on record. The previous record was in 2019 of $527,003.
* Attached: $391,375 represents the highest amount on record. The previous record was in October 2020 of $391,259.

DAYS IN MLS — MEDIAN
* Residential: 7 days represents the lowest December on record. The previous low was in 2015 and 2016 of 14 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: 23 days represents the lowest December on record. The previous low was in 2015 and 2016 of 32 days.
* Detached: 20 days represents the lowest December on record. The previous low was in 2015 of 34 days.

CLOSED
* Residential: 4,807 closed transactions represent the highest December on record. The previous high was in 2019 of 4,582.
* Detached: 3,327 closed transactions represent the highest December on record. The previous high was in 2015 of 3,267.
* Attached: 1,480 closed transactions represent the highest December on record. The previous high was in 2015 of 1,353.

MONTHS OF INVENTORY (MOI)
* Residential: 0.53 months represents the lowest number on record. The previous record low was in November 2020 of 0.71
* Detached: 0.40 months represents the lowest amount on record. The previous record was in November 2020 of 0.52
* Attached: 0.83 months represents the lowest amount on record. The previous record was in March & November 2016 of 0.95

PENDING
* Residential: 3,625 pending transactions represent the highest December on record. The previous high was in 2018 of 3,577.
* Attached: 1,230 pending transactions represent the highest December on record. The previous high was in 2018 of 2,602.

Denver Colorado Real Estate Statistics & Market Trends Report : DMARSTATS

DOWNLOAD JANUARY 2021 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

  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
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  June 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
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  April 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
  March 2019 - Denver Colorado Real Estate Market Statistics & Trends Report
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  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
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  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
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  July 2016 - Denver Real Estate Market Trends Report
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  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
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  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

Find Your Dream Home with REMAX in Colorado : Denver Colorado Homes For Sale : Denver MLS Property Listings : #JustCallAnts : SearchHomesInDenver.com : Anthony Rael REMAX 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:

Denver Post - Once the king, cash losing a little cachet when it comes to buying a Denver home
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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