Anthony Rael serves as Chairman of the Denver Metro Area Market Trends Committee on behalf of the Denver Metro Association of Realtors (DMAR)
denver real estate market stats, mls housing stats, sold listings, new listings, single family homes, condos, townhomes, short sales, median sales price, days on market, bank-owned, reo, pending sales, affordability index, market trends, months supply, market overview, REMAX Alliance Arvada

August 2014 Denver Real Estate MLS Statistics & Trends Report
for July 2014 MLS Statistics

"The Denver Metro real estate market remains strong as it continues to march towards a record setting year in total sales volume. More and more sellers are contemplating whether to list their property now or wait for a more balanced market, with promising prospects of finding a replacement home. At this point, it’s critical, for sellers to honestly ask themselves: "what am I actually waiting for?” Simply hoping for prices to increase can be a double-edge sword. When they sell at the peak of the market they'll likely end up buying at the peak as well, so it becomes a relative point.

Both sellers and buyers are influenced by the incessant media buzz about Denver's "hot" real estate market, including stories of multiple offers, lack of inventory, lack of move-up possibility, etc. In my opinion,
the Denver market is still strong and sellers need to note that homes that are priced right and show well, sell quickly (sometimes even within days). Also, buyers should be reminded that they should be patient with, quite possibly, the biggest transaction of their life. It’s high time to feel inspired by the potential that Denver holds, as one of the fastest growing cities and economies in the country.

A big challenge for REALTORS® is to manage seller’s expectations by providing creative and effective ways to list/sell their property, while simultaneously putting the seller in a good position to become a strong contingent buyer. In order to facilitate a smooth transition into a replacement home, it's ideal for sellers to have backup offers in place on their current home, in case the first buyer drops out. Open communication between the listing agent, selling agent, and mortgage lender is vital to holding these types of "domino" transactions together.  There's a feeling among the DMAR membership that prices will begin to stabilize as a result of gradual increase in inventory returns to the market. We hope to see a healthier and more balanced market for the rest of the year and in 2015."

- Anthony Rael, Chairman - Denver Metro Association of REALTORS Market Trends Committee

 

MLS Market Matrix - July 2014 - Denver Metro Association of Realtors DMAR

MLS Market Insights July 2014 - Denver Metro Association of Realtors

DMAR Expert Realtor Opinion - Denver Metro Association of Realtors - July 2014 MLS Market Trends & Statistics

Denver Metro Association of Realtors - July 2014 MLS Market Trends & Statistics

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?

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Anthony "Mike" Rael  |  REMAX Alliance - Arvada  |  5440 Ward Rd., #110  |  Arvada, Colorado 80002  |  303.520.3179
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