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

September 2024 Denver Real Estate Market Report
Denver Metro Association of REALTORS | #dmarstats
Denver CO Real Market Snapshots by REMAX Colorado Realtor, Anthony Rael

Just as timing is crucial for catching the best fall colors in the right spots, buyers need to time the market right now to find the perfect home.

While the Federal Reserve Bank lowered rates by 0.50 basis points, a larger cut than many expected, buyer activity remained sluggish. The median close price dropped slightly by 2.34 percent to $576,171, down from $590,000 in August while median days in the MLS increased 19.05 percent to 25 days from 21 days. New listings stayed relatively unchanged with 5,053 while pending sales increased by 3.64 percent to 3,761. Active listings at month end grew slightly by 3.65 percent month-over-month, a staggering 45.69 percent increase year-over-year.

Months of inventory have steadily climbed since last June. For reference, DMAR’s June 2023 report showcased that May had 1.25 months of inventory. In September, months of inventory increased to 3.6 months. This represents the first time months of inventory have crossed the three-month mark, meaning it takes an average of 3.6 months to find a buyer, which traditionally has been categorized as a balanced market. This is a far cry from a pandemic-fueled market that had less than one month of inventory.

Activity in the $1 million+ market showed a modest influx of new buyers and sellers for homes at or above the $1 million price point which meant the timing felt right for many, likely due to more favorable interest rates. New listings increased 11.13 percent and pending homes were up 5.02 percent as median days in MLS were down one day from 26 to 25. This will mean an increase in closed homes and sales volume in October, which were down 28.20 percent and 34.42 percent, respectively, from August.

Still, there is a growing split between detached and attached market activity. Year-to-date, detached home sales, at or above $1 million, are 7.09 percent ahead of 2023 for sales volume and 9.35 percent up for closed transactions. Attached home sales, on the other hand, have seen 29.45 percent less sales volume and 34.26 percent fewer closed transactions year-to-date. This is partly due to far fewer listings in the attached market, down 32.92 percent year-to-date, as well as increased HOA fees, insurance premiums and taxes.

Below are my September 2024 Real Estate Market Snapshots/Infographics based on statistics publish by the Denver Metro Association of Realtors. If you or someone you know is interested in learning more about the impact of rising home values & current mortgage interest rates and how it may affect your decision to buy or sell, 'Just Call Ants' at 303.520.3179. Anthony is here to provide expert advice & counseling that will empower you to make the best, most-educated decision possible. Knowledge is Power - so get The Scoop and gain a better understanding of Denver's rapidly changing real estate market.

September 2024 Denver Real Estate Market Snapshot : Median & Average Sales Price + Active Listings + Sold/Closed Listings + Days On Market + Months of Inventory
Median & Average Sales Price + Active Listings + Sold/Closed Listings + Days On Market + Months of Inventory - Sept 2024

Denver Colorado Million-Dollar Luxury Home Market : New Listings, Homes Sold, Sales Volume, Days on Market & Price/SqFt - Sept 2024
Denver Colorado Million-Dollar Luxury Home Market : New Listings, Homes Sold, Sales Volume, Days on Market & Price/SqFt - Sept 2024


SEPTEMBER 2024 DMAR MARKET TRENDS REPORT

Knowledge is Power. Anthony Rael will help educate you on current real estate market conditions so you can make better decisions. Just Call Ants.
Denver Colorado Real Estate Snapshots - presented by Denver REMAX Realtor Anthony Rael

Source: Denver Metro Association of REALTORS® Market Trends Committee and REColorado
Infographics/Snapshots Courtesy of: Anthony Rael, RE/MAX Alliance

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  City and County Real Estate Market Reports
  Denver Colorado Real Estate Market Statistics & Trends Reports - Main Index

2024
  Most Recent DMAR Market Trends Report
  September 2024 - DMAR Market Trends Report
  August 2024 - DMAR Market Trends Report
  July 2024 - DMAR Market Trends Report
  June 2024 - DMAR Market Trends Report
  May 2024 - DMAR Market Trends Report
  April 2024 - DMAR Market Trends Report
  March 2024 - DMAR Market Trends Report
  February 2024 - DMAR Market Trends Report
  January 2024 - DMAR Market Trends Report

2023
  December 2023 Final - DMAR Market Trends Report
  December 2023 - DMAR Market Trends Report
  November 2023 - DMAR Market Trends Report
  October 2023 - DMAR Market Trends Report
  September 2023 - DMAR Market Trends Report
  July 2023 - DMAR Denver Colorado Real Estate Market Report
  July 2023 - DMAR Denver Colorado Real Estate Market Report
  June 2023 - DMAR Denver Colorado Real Estate Market Report
  May 2023 - DMAR Denver Colorado Real Estate Market Report
  April 2023 - DMAR Denver Colorado Real Estate Market Report
  March 2023 - DMAR Denver Colorado Real Estate Market Report
  February 2023 - DMAR Denver Colorado Real Estate Market Report
  January 2023 - DMAR Denver Colorado Real Estate Market Report

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
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?

[ RETURN TO MARKET TRENDS HOME ]
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