In June 2021, the DMAR Market Report
shows that what goes down must come up. Overall, month-end active
inventory increased 50.46 percent compared to May 2021, which is the
highest percentage of month-over-month increase in DMAR records. The
number of new listings was up 23.89 percent month-over-month. Likewise,
the number of closed properties increased 9.29 percent. More houses hit
the market in June and therefore more people had the opportunity to buy,
which is reflected in the month of inventory increasing to 0.50. While
historically this still remains incredibly low, it does show a slight
shift from the previous month which was 0.39.
Overall, the theme of buyer fatigue, holiday travels and an overall
decrease in buyer demand has only started to be reflected in July’s
market trends report. Whenever there is a shift, whether it is seasonal
or unprecedented circumstances, adjustments are made slowly. Sellers
have been using comps from the peak of the frenzied seller’s market and
potentially listing too high. While buyers may feel the exhaustion, the
opportunity to get a house under contract at list price is beginning to
grow more realistic.
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 June 2021, homebuyers of attached and detached homes in the Luxury
Market had more choices in June, with new listings up 20.42 percent from
May. However, even with more options, sellers in this market barely felt
the seasonal slowdown, with pending sales down only 1.51 percent
month-over-month. Pending year-to-date sales were up 88.04 percent and
closed sales were up 138.20 percent.
June also reported sales in the detached luxury market that increased
24.20 percent from May to June and were up 132.28 percent year-to-date.
On average, people buying luxury homes paid 104.74 percent of the list
price in June, up 5.26 percent year-to-date. On the other hand,
appearing to pull through the COVID-19 slump, the attached home market’s
number of closed sales is up 306.25 percent year-over-year while closed
sales are up 193.94 percent year-to-date.
Digging Deeper: June 2021 Records
June 2021 was yet another record-breaking month!
source: DMAR Market Trends
Committee
ACTIVE LISTINGS
(Residential) 3,122 represents the lowest June on record. The previous
low was in 2015 with 6,197 active listings.
(Detached) 2,137 represents the lowest June on record. The previous low
was in 2020 with 4,082 active listings.
(Attached) 985 represents the lowest June on record. The previous low
was in 2015 with 1,166 active listings.
CLOSE PRICE — MEDIAN
(Residential) $545,000 represents the highest amount on record. The
previous record was May 2021 of $537,000.
(Detached) $600,000 represents the highest amount on record. The
previous record was May 2021 of $592,200.
(Attached) $380,000 represents a tie for the highest amount on record.
The previous record was May 2021 of $380,000.
CLOSE PRICE — AVERAGE
(Residential) $643,645 represents the highest amount on record. The
previous record was May 2021 of $621,407.
(Detached) $728,385 represents the highest amount on record. The
previous record was May 2021 of $699,410.
(Attached) $440,066 represents the highest June on record. The previous
record was 2020 of $369,918.
DAYS IN MLS — MEDIAN
(Residential) 4 days represents a tie for the lowest number on record.
The previous low was obtained 3 other times in 2021.
(Detached) 4 days represents a tie for the lowest number on record. The
previous low was obtained 4 other times in 2021.
(Attached) 4 days represents the lowest number on record. The previous
low was obtained 2 other times in 2021.
DAYS IN MLS — AVERAGE
(Residential) 10 days represents the lowest number on record. The
previous low was last month at 11 days.
(Detached) 8 days represents a tie for the lowest number on record. The
previous low was last month at 8 days.
CLOSINGS
(Attached) 1,819 represents the highest June on record. The previous
record was in 2015 with 1,765 closings.
MONTHS OF INVENTORY (MOI)
(Residential) 0.50 months represents the lowest June on record. The
previous record of 1.01 was in 2015.
(Detached) 0.49 months represents the lowest June on record. The
previous record low was 2020 with 1.00 months.
(Attached) 0.54 months represents the lowest June on record. The
previous record low was 2015 of 0.66 months.
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
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
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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
