In a year of continued turbulence,
October represented a month of relative ease in the bumpy Denver real
estate market, signaling gratitude across the housing industry. Across
the board, the majority of statistics were seasonally consistent with
what Denver has seen in years past, boding well for more households
having the ability to host a Thanksgiving dinner. With prices staying
consistent month-over-month, the door has opened for buyers that were
previously exhibiting burn out in the home search process.
In the month end active inventory, Denver saw that when lower numbers
change, they yield higher percentages. At the end of October, there were
3,376 properties on the market, a 14.98 percent decrease from the
previous month. The amount of listings also decreased by 13.28 percent,
showing minimal changes in the month end inventory.
There were over three times more single-family properties closed last
month in the $500,000-$750,000 category than any other price point.
However, currently there are more single-family detached properties
available over $1 million than any other price point, which is far less
surprising than the quantity of for sale properties between
$500,000-$750,000.
This month’s report showed that even though the home buying and selling
process has been hard, and Realtors® have had to constantly
re-strategize as buyers have felt demoralized and sellers have had to
move, there is still much to be thankful for. There have been more homes
purchased year-to-date than years past, seasonal effects have re-opened
the door for those that had previously felt demoralized from the buying
process, and Denver is quickly moving into holiday season, where there
are consistently gaps of buyer demand leading into the holiday season.
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 the Luxury Market, sellers also had much to be thankful for with
homes only taking 25 median days in MLS to sell, and sellers receiving
101.77 percent of their list price. While luxury sellers have great
opportunities to sell quickly and for top dollar, Denver did not see as
many homes come on the market, with new listings down 19.51 percent from
the prior month, and down 5.94 percent from one year ago. As soon as a
listing came on the market it was under contract, with 421 homes moving
to pending status, up 4.21 percent from last month. With less homes on
the market, Denver saw a 17.01 percent decrease in our sales volume
month-over-month, and 12.04 percent dip year-over-year.
Buyers moved quickly as single-family luxury new listings were down
19.45 percent month-over-month but down 3.30 percent year-over-year.
There were 352 new single-family listings and 366 of those were pending
in October. Sellers had to move quickly as well as an average
single-family luxury home was only on the market 26 days and sold for
101.83 percent of the list price.
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
November 2021 -
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February
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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
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October 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
September 2018
- Denver Colorado Real Estate Market Statistics & Trends Report
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Real Estate Market Trends Report
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Real Estate Market Trends Report
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Real Estate Market Trends Report
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December 2017 - Denver Real Estate Market Trends Report
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December 2015 - Denver Real Estate Market Statistics & Trends Report
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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
