Denver Real Estate Market Report. Year-over-Year Look at Denver Colorado Home Values & Home Prices provided by REMAX Denver Real Estate Agent/Realtor Anthony Rael
Understanding Denver's Real Estate Market - # DMARSTATS

Give & take between buyers and sellers to close deals in the Denver market
DMAR Denver Real Estate Market Trends Report : Denver Metro Association of REALTORS
Denver CO Real Estate Market Snapshots by Anthony Rael, REMAX Colorado Realtor

Detached active listings at month end dropped to 4,572, a 16.02 percent decrease from last month, while attached homes dropped 8.94 percent to 1,681, representing a 216.62 increase year-over-year for detached homes and a 109.08 increase year-over-year for attached homes. While inventory increased from last year, the market is still witnessing the typical end-of-the-year inventory decrease, which is likely a result of homeowners choosing to either wait to list their homes until the New Year or remove their properties ahead of the holiday season.

Average days in the MLS increased 20 percent month-over-month to 36 days, which is exactly a 140 percent increase from this time last year. The attached market also exhibited a 20 percent increase month-over-month to 30 days, which is a 76.47 percent increase from this time last year. As the active listings count has grown, days in the MLS have has also increased since May in direct relation to interest rates. Interest rates affect a buyer's ability to afford a home, and as a result, buyers are taking more time to evaluate the value of each home, indicating that buyers are more discerning.

The average price dropped 0.58 percent month-over-month from $736,675 to $732,437. While this is a small drop, this is also a 4.17 percent increase from this time last year when the average price was $703,119. Additionally, market-wide price reductions are slowing, and close-price-to-list-price percentages dropped only 0.40 percent for attached and detached properties.

While home values are stable, the announcement of the new conforming loan limits for 2023 will aid in the affordability and accessibility for homebuyers. The baseline loan limit of $647,200 will increase to $726,200 nationwide. This sizable change will make it easier for buyers to qualify for a higher conforming loan, thus avoiding stringent jumbo loan requirements.

In November, the Luxury Market saw a significant slowdown with only 286 new homes hitting the market. This was the biggest drop in inventory from the prior month of any price segment sector, down 34.10 percent from October. The number of luxury homes that went under contract in November decreased by 18.75 percent, and the number of closed transactions decreased 13.12 percent, month-over-month.

The most dramatic statistic for the entire market in November was the significant increase in how long a home sat on the market before going under contract. In this regard, the Luxury Market fared the best of any sector, with the median days in the MLS increasing by only 50 percent, up to 18 days for a detached luxury home and 15 for an attached one.

The most expensive luxury property to sell in the 11-county Denver Metro area in November was a modern home in Castle Rock for $6,340,000. The most expensive active listing was a 15-acre property in Cherry Hills Village, listed for $28,888,888..

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).

November 2022 - Give & take between buyers and sellers to close deals in the Denver market
Denver Colorado Real Estate Snapshots - presented by Denver REMAX Realtor Anthony Rael
DOWNLOAD DECEMBER 2022 DMAR MARKET TRENDS REPORT

Each Monthly Report shows MLS data through the end of the previous month [Example: Dec'22 Report = Nov'22 Data]
Source: Denver Metro Association of REALTORS® Market Trends Committee and REColorado
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
  December 2022 - Denver Metro Association of Realtors Market Trends Report
  November 2022 - Denver Metro Association of Realtors Market Trends Report
  October 2022 - Denver Metro Association of Realtors Market Trends Report
  September 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  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

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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