With a large increase in
month-end active and new listings hitting the market, a slight
seasonal shift will positively impact buyers who have started to
feel fatigue in the residential market. At the same time, current
homeowners continue their unprecedented growth in equity.
With a historically high average sales price of $705,812 and
increased interest rates, many buyers who saw their potential
monthly payments drastically increase received a sign of reprieve.
Month-end active inventory went up 81.16 percent from February to
March. The additional 995 new listings on the market at the end of
the month also served to slightly aid the balance of supply and
demand. While the percentage increase is substantially higher,
having such low initial numbers yield a higher percent change. Along
with the 43.57 percent increase in new listings, this will serve to
help balance the accelerated price appreciation the market has
recently seen.
The Denver market currently sits at 19.88 percent appreciation
compared to last year. While waiting may create more options, it
does not guarantee more value. Last month alone, the average sales
price increased 9.02 percent at $58,418. The market continues to
move forward rapidly, just not as fast as the past couple of months,
and the decreased speed will be felt in the coming months, creating
the allure of more balance.
Meanwhile, in the Luxury Market, buyers saw the largest rise in
inventory of any price point. House hunters in the $1M+ range felt
some relief from the historically tight market with a 58.22 percent
increase in the detached market and a 60.53 percent increase in the
attached market for the number of homes available for purchase from
February.
Even with the rise in inventory, bidding wars persisted, with luxury
homes going an average of 7.66 percent over list price. The average
luxury home price increased 7.8 percent month-over-month, as it has
done since the beginning of the year.
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).
Digging Deeper: March
2022 Records
ACTIVE LISTINGS
(Attached) 594 represents the lowest March on record. The previous
record was 2015 with 787 active listings.
CLOSE PRICE — MEDIAN
(Residential) $602,750 represents the highest number on record. The
previous record was February 2022 of $575,000.
(Detached) $660,000 represents the highest number on record. The
previous record was February of $635,200.
(Attached) $421,500 represents the highest number on record. The
previous record was February 2022 of $405,000.
CLOSE PRICE — AVERAGE
(Residential) $705,812 represents the highest on record. The previous
record high was February 2022 of $647,394.
(Detached) $797,700 represents the highest on record. The previous
record high was February 2022 of $738,472.
(Attached) $495,937 represents the highest on record. The previous
record high was February 2022 of $460,148.
DAYS IN MLS — MEDIAN
(Residential) 4 days represents a tie for the lowest amount on record.
The previous record low was set 6 other times.
(Detached) 4 days represents a tie for the lowest amount on record. The
previous record low was set 7 other times.
(Attached) 4 days represents a tie for the lowest amount on record. The
previous record low was set 6 other times.
DAYS IN MLS — AVERAGE
(Residential) 11 days represents the lowest March on record. The
previous record low was 2021 at 19 days.
(Detached) 11 days represents the lowest March on record. The previous
record low was 2021 at 16 days.
(Attached) 12 days represents a tie for the lowest amount on record. The
previous record low was set in July of 2021.
MONTHS OF INVENTORY (MOI)
(Attached) 0.44 months represents the lowest March on record. The
previous record of 0.49 was in 2021.
Each Monthly Report shows MLS data based
through the end of the previous month from REColorado
Source: Denver Metro
Association of REALTORS® Market Trends Committee #dmarstats
Infographics/Snapshots Courtesy of:
Anthony Rael, RE/MAX Alliance
City and County Real Estate
Market Reports
Denver Colorado Real Estate Market Statistics &
Trends Reports - Main Index
2022
August 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
July 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
June 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
May 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
April 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
March 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
February 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
January 2022 -
Denver Colorado Real Estate Market Statistics & Trends Report
2021
December 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
November 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
October 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
September 2021 -
Denver Colorado Real Estate Market Statistics & Trends Report
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
2020
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
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
2018
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
2017
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
2016
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
2015
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
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
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.
Real Estate Snapshots & Infographics
Courtesy of:
Anthony Rael, RE/MAX Alliance
