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

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

"The June market sizzled by recording the highest dollar sales volume ($1.9 Billion) in the past 11 months! Year-to-date sales in the residential market are down ever-so-slightly at 3.66% with 24,961 total sold units compared to 25,908 in 2013. Year-over-year, buyers in the <$200,000 price range are feeling somewhat squeezed out of the single family home market as there were nearly 53% fewer sold properties.

This has everything to do with the continued lack of supply, as buyer demand remains very strong, and 30-year mortgage interest rates continue to hover below 5%. For condo buyers above $100,000, year-over-year sales proved that the abundance of listings could be absorbed by well-qualified buyers who stood ready to take advantage of firsthand opportunities. In particular, condo prices $500,000 to $699,999 spiked by an astonishing 166% when compared to the same period in 2013! Sellers who want to capitalize on the remaining hot summer selling season, should consider working with a qualified REALTOR® to price the property correctly for the current market conditions. It’s an important step in order to avoid the pitfalls of transaction getting held up or terminated due to an appraisal that comes back a little light because the contract price cannot be justified."

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

 

June 2014 Denver MLS Stats June 2014 Denver MLS Stats June 2014 Denver MLS Stats June 2014 Denver MLS Stats June 2014 Denver MLS Stats June 2014 Denver MLS Stats
DMAR Expert Realtor Opinion - Denver Metro Association of Realtors - 2014 MLS Market Trends & Statistics
Denver Metro Association of Realtors - June 2014 MLS Market Trends & Statistics
Denver Metro Association of Realtors - June 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
Licensed Colorado Real Estate Agent  |  Certified Negotiation Expert (CNE)  |  Seniors Real Estate Specialist (SRES)
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