Denver Metro Area Market Reports + Statistics

From average sales prices to current days on market, here are all of the numbers that you need to know about Colorado Real Estate.

Found 14 blog entries about Denver Metro Area Market Reports + Statistics.

Despite what feels like a major market shift, home sellers in Metro Denver are still in control in all housing price ranges, except homes priced over $1 million where homebuyers and sellers are on equal footing.

In 2018, compared to 2017, the number of home sales was down 5.52 percent and housing inventory was up 44.71 percent by year-end. 2018 marked a record-high home sales price reaching an average of $473,539 and median of $409,900 for the entire residential market (single-family and condos), up 8.34 percent and 7.87 percent year over year respectively.

“Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,” said Jill Schafer, Chair of the DMAR Market Trends

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Housing inventory in the Denver area is up nearly 47 percent year to date compared to last year, but sales are down.

In November, year to date, housing inventory has increased 46.76 percent compared to last year in the residential market (single-family and condos), but was down 11.82 percent from last month. Meanwhile, fewer homes sold in the Denver area in November, down 17.27 percent from October, and that dropped the number of sales year to date to less than any in the past three years.

Notably, the low months of housing inventory will keep homes prices strong according to Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®.  While the average sold price of $462,344 was down 6.3 percent from the

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Are we finally entering a buyer's market? With a shift in Denver's numbers toward increased inventory, more average days on market, and less homes flying off the shelf in that first weekend, it's tempting to assume we are! But, let's look at the data to see what it tells us:

For more market videos, visit Brilliant Denver Homes.

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Real estate market factors including sales volume, days on market and housing prices continue to favor home sellers in the Denver area.

In October, year to date, inventory has increased 35.28 percent compared to last year in the residential market (single-family and condos). Yet, other real estate market factors including sales volume, days on market, and housing prices continue to favor home sellers in the Denver area. Year to date through October, sales volume for the Denver-area residential market has exceeded $22.5 billion, up 5.45 percent from last year. The average and median home prices in October were $471,321 and $400,000 respectively, up 7.12 percent and 5.26 percent compared to 2017. The single-family average sold price

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Housing inventory continues increasing despite typical seasonal decrease, home prices fall and sales of single-family homes priced over $500,000 drop in September.

In September, housing inventory continued to move higher, even though it typically decreases this time of year, and home prices dropped nearly 5 percent since its record-peak highs this past May and June.

“The housing inventory and home price adjustments are normal and expected,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “What’s not normal? Sales of single-family homes priced over $500,000 dropping 33 percent from August to September. For those sellers, that’s real turbulence.”

Looking deeper in the numbers,

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*Photo cred: Yellow Umbrella Imaging

Housing inventory in the residential market hit a four-year high year to date in August with a total of 8,228 homes on the market, up 11.79 percent from last year.

“Over the past four years, we’ve experienced the strongest sellers’ market in recorded history,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “This past month, we saw available homes for sale increase to the highest level in four years giving buyers more homes to choose from.”

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)

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Both average and median prices have dropped from June. With inventory at a three-year high, the climate is perfect for slowing activity and price reductions as fewer and fewer homes are considered affordable. 

“As we head into August, many REALTORS® and sellers alike are starting to feel those mid-summer blues,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “Is this normal seasonality, or a sign of a real cooling trend? It’s not time to panic, but this market is showing signs of cooling, and REALTORS® need to manage seller’s expectations as market conditions change.”

Danyliw assesses that the decrease in buyer activity and higher inventory may be attributed to the historic increases in Denver home

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June saw increases in inventory, days on market and months of inventory, which is good news for homebuyers. 

“Over the past few years, the fireworks from our housing market were visible from almost every street corner,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “Those fireworks, while still around, are not being seen in every neighborhood. It’s important to remember that a transition to a balanced market doesn't mean a bubble is around the corner.”

Active listings in the residential market (single-family and condos) were at 7,436 total units in June. The number of sold listings increased by 15.52 percent compared to the previous month, and 5.34 percent from last June. Year to date, there

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Homebuyer demand remained strong with the average days on market at 18, which ties a record low for any month. Additionally, once again, the average single-family home price in metro-Denver continues to set new records, reaching $540,624.

“With Memorial Day and graduations behind us, we now focus on the summer ahead with anticipation of hot weather and a hot housing market,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver REALTOR®. “Prices remain hot as both median and average prices continue at double-digit gains. And while some REALTORS® are reporting signs of slowing, those signs have yet to be reflected in the numbers.”

In May, the month ended with 6,437 active listings in the residential market (single

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