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

October 2014 Denver Real Estate MLS Statistics & Trends Report
for September 2014 MLS Statistics

"As expected, seasonality impacted the September market, but to a lower degree than in recent years. Even though we had fewer properties available for sale, our year-over-year closings registered an increase of 4.20% and sales volume was $1.5B representing an increase of 8.32% compared to the same period in 2013.  Single-family homes experienced a decrease of 10.75% fewer sales than the previous month, while the hot condo market saw a 3.91% decrease in sales. The late summer market slowdown pushed Days on Market (DOM) up slightly to 33.

Looking at other notable stats and trends in our marketplace, the Average Sale Price for Single Family Homes was $361,307 (down 2.36% from August - but up 7.13% from Sept 2013) and Median Sales Prices remained unchanged at $310,000 from the previous month, but up 10.27% year-over-year. The Condo market showed an Average Sale Price of $217,792 (down 0.76% from August - but up 7.34% from Sept 2013) while Median Sales Prices were down 1.34% to $180,000, but showed a significant year-over-year increase of 13.71%. Our current year-to-date sales volume for Residential (single family and condo) was $13.271B which represents a 3.18% increase from 2013 and a whopping 37.73% increase compared to 2012!

Many first-time buyers who sat out the summer sales frenzy have decided that prices have cooled and are now entering the market. In general, buyers are less willing to participate in bidding wars, thus driving competing offers down significantly. Additionally, they're sticking to their guns in terms of being picky and not feeling the need to settle which has sellers becoming more flexible in negotiations and concessions than they were during the peak of the summer market.  Mortgage interest rates remain at historic lows and are top-of-mind for buyers and sellers. Overall, DMAR Realtors share the sentiment that it's starting to feel like a balanced market once again.”

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






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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