After consecutive months of
appreciation, negotiations and bidding wars, modest numbers this
month became a sign that the market has returned to a semblance of
‘normal.’ The housing market ended May with 3,652 properties on the
market, representing an increase of 448 properties from the previous
month, which is seasonally on trend. Closed sales increased 3.75
percent from the previous month, keeping supply and demand
relatively balanced.
The attached and detached markets had a similar balance of supply
and demand in May. Both markets had the highest number of standing
inventory in the $500,000 to $749,999 price points. The biggest
difference was the proportion of inventory. For attached properties,
that price range made up 29.87 percent of the market and for
detached properties, it made up 41.72 percent of the market. There
are over four times more single-family detached properties between
$500,000 and $749,999 than attached properties.
Throughout the entire market, year-to-date, the market has seen 7.18
percent fewerhomes closed than the previous year. Even with fewer
purchases, the market has transacted over $1 billion more in sales
volume than the previous year, indicating how high prices have
soared from the previous year. This is also indicated in the
close-price-to-list-price ratio of105.33 percent, down from the
previous month.
In the Luxury Market, buyers saw their options increase in May. Like
the other price segments, inventory went up 5.86 percent from April
and a significant 65.95 percent higher than the same month last
year. Pending sales were also up, along with closed sales and sales
volume as well. More choices turned into more pending sales, up
22.20 percent month-over-month and up 27.37 percent year-to-date.
Detached homes sold for an average of 107.12 percent of list price,
down slightly from April’s 108.39 percent but up 2.81 percent from
the same month last year. Meanwhile, the attached condo and townhome
Luxury Market is currently the softest of all price ranges and home
types, selling at 104.94 percent of list price.
The attached Luxury Market has the largest months of inventory of
all price ranges at 1.73, still a seller’s market but not as strong
as other areas. Overall, luxury closings were up month-over-month
and up even more year-to-date with detached closings up 36.10
percent and attached homes up 10.92 percent.
DMAR's 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).
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
