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

May 2014 Denver Real Estate MLS Statistics & Trends Report
for April 2014 MLS Statistics

"The Denver Metro area market remains strong despite continued low inventory levels. Qualified buyers are snapping up properties as quickly as they become available and in many cases are being pulled into multiple offer scenarios in order to get the home of their dreams. Buyers who end up on the short end of the "bidding war" are becoming frustrated with the market and lack of inventory, but are encouraged not to lose hope and stay positive.

Naturally sellers are thrilled about the "bidding wars" because it's pushing median and average sales prices up and increasing their net cash in pocket at closing, but they're also quickly discovering that the pricing sword cuts both ways as they enter the buyer-market in search of a replacement home. The low supply of properties and high buyer demand can be overcome as we're starting to see more seller-contingencies listings, which can provide sellers with the extra time they need to move on. Buyers who are patient or flexible with these types of sales are able to land some great opportunities."

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


 

Anthony Rael - Chairman of the Denver Metro Area Market Trends Committee on behalf of the Denver Metro Association of Realtors (DMAR)

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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