With 5.36 percent
month-over-month appreciation and interest rates increasing, an
individual's buying power steadily declined. While 2020 and 2021
took different paths, there is one common denominator: hyperactive
buyer demand.
The first two months of 2022 were dictated by a lack of inventory
and sales. By the end of February 2021, 8,761 properties hit the
market. In 2022, the market has only seen 7,671, a 12.44 percent
decrease in listings in two months. This number directly correlates
with the 13.31 percent decrease in closed properties so far this
year. The lack of supply coupled with the surplus of buyers has
caused prices to rise quickly, leading to an unprecedented
close-price-to-list-price ratio of 104.75 percent.
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).
The Luxury Market was alive and well in February as it continued to
show strong growth. month-over-month, the sales volume increased
43.14 percent for detached homes and 32.04 percent for attached. The
market also saw an increase in listings above $1 million, with 434
new listings in February compared to 330 in January. The increase in
listings was a welcome sight; however, the intense demand absorbed
those listings quickly, with 97 percent of new listings going under
contract in February. In general, the Luxury Market has less than
two weeks of inventory for both attached and detached homes.
The median days in the MLS was just five days for detached homes and
three days for attached homes. Most properties within this price
segment will go under contract within the first week of hitting the
market. In February, the close-price-to-list price was 105.52
percent, up 3.61 percent month-over-month and up 5.84 percent
year-over-year. New listings year-to-date for properties over $1
million, for both attached and detached, were up 17.18 percent,
while the market as a whole has seen a 7.44 percent decrease in new
listings compared to this time in 2021.
Digging Deeper: February
2022 Records
ACTIVE LISTINGS
(Residential) 1,226 represents the lowest February on record. The
previous record was 2021 with 2,316 active listings.
(Detached) 853 represents the lowest February on record. The previous
record was 2021 with 1,120 active listings.
(Attached) 373 represents the lowest amount on record. The previous low
was in January 2022 with 396 active listings.
MEDIAN SALES PRICE
(Residential) $575,000 represents the highest number on record. The
previous record was June & December 2021 of $545,000.
(Detached) $635,000 represents the highest number on record. The
previous record was May, June, & November 2021 of $600,000.
(Attached) $405,000 represents the highest number on record. The
previous record was January 2022 of $400,000.
AVERAGE SALES PRICE
(Residential) $647,776 represents the highest on record. The previous
record high was June 2021 of $640,748.
(Detached) $739,950 represents the highest on record. The previous
record high was June 2021 of $725,278.
(Attached) $461,778 represents the highest on record. The previous
record high was January 2022 of $449,705.
MEDIAN DAYS IN MLS
(Residential) 4 days represents a tie for the lowest amount on record.
The previous record low was set 5 other times.
(Detached) 4 days represents a tie for the lowest amount on record. The
previous record low was set 6 other times.
(Attached) 4 days represents a tie for the lowest amount on record. The
previous record low was set 5 other times.
AVERAGE DAYS IN MLS
(Residential) 15 days represents the lowest February on record. The
previous record low was 2021 at 24 days.
(Detached) 14 days represents the lowest February on record. The
previous record low was 2021 at 19 days.
(Attached) 16 days represents the lowest February on record. The
previous record low was 2016 at 24 days.
MONTHS OF INVENTORY (MOI)
(Residential) 0.38 months represents the lowest February on record. The
previous records of 0.56 was in 2021.
(Detached) 0.40 months represents the lowest February on record. The
previous record of 0.47 was in 2021.
(Attached) 0.35 months represents the lowest February on record. The
previous record of 0.73 was in 2021.
NUMBER OF NEW LISTINGS
(Residential) 4,193 new listings represents the lowest February on
record. The previous record low was 2014 at 4,110 new listings.
(Detached) 2,910 new listings represents the lowest February on record.
The previous record low was 2014 at 3,004 new listings.
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
