As the Denver real estate market
continues to evolve and change with the weather, the question on
everyone’s mind is whether or not we are in a buyer’s market.
Traditionally, a market with less than three months of inventory is
considered a seller’s market. In direct relation to that, a market
with more than six months of inventory is considered a buyer’s
market, which means that three to six months of inventory is defined
as a balanced market. These benchmarks help define the Denver Metro
current market, which is notably changing.
Currently, the $100,000 to $199,999 and $1 million and over segments
for detached homes are pushing the three percent threshold, with
2.75 percent and 2.62 percent, respectively. The $1 million and over
segment for attached homes is at 2.83 months of inventory. Using
months of inventory as a metric indicates that Denver Metro is
moving toward a balanced market.
Buyers can now take time to find the right house and negotiate the
purchase price, inspection-related repairs and appraisal values.
While interest rates are higher than at the beginning of the year,
some buyers are getting accustomed to the increased rates and are
utilizing available marketplace tools. However, for many sellers, it
likely feels like the rug has been pulled out from underneath them.
Price reductions are rising, while active listings at month end rose
10.72 percent to 7,683. Pending sales declined 15.41 percent for
both detached and attached homes month-over-month, which directly
relates to a 6.38 percent decline in sales volume month-over-month.
With kids back in school, the Luxury Market sellers focused on
getting their homes on the market, and it showed. New luxury
listings were up 18.86 percent from August, with a total of 649
homes priced over $1 million hitting the market in September. The
attached Luxury Market saw a massive increase in new listings, up a
notable 66.67 percent from the prior month. With 5,962 new listings
hitting so far this year, the Luxury Market is enjoying the highest
amount of inventory in years.
Luxury buyers also have more time to decide which luxury home to
buy. Both detached and attached markets saw a significant increase
in the average days in the MLS from August, up 31.82 percent or 29
days for detached, and 40 percent or 35 days for attached. This
slowing market is echoed in the drop in pending sales in September,
which decreased by 16.35 percent for detached homes and 8.33 percent
for attached. The spring frenzied bidding wars also seem to have
subsided: the close-price-to-list-price ratio dropped below 100
percent again this month, to 98.21 percent for detached and 99.30
for attached.
Although the detached Luxury Market enjoyed an annual appreciation
from a price per square foot perspective of 9.41percent and a flat
month-over-month appreciation, the attached market suffered a
decline in annual appreciation of 0.18 percent and an even bigger
decline month-over-month, by 5.26 percent.
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
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
