Denver Real Estate Market Statistics & Trends - Colorado Housing MLS Statistics & Market Indicators by Denver Metro Association of REALTORS, RECOLORADO.com, Colorado Association of REALTORS - Anthony Rael, REMAX Alliance
Denver Real Estate Market Statistics & Trends - Colorado Housing MLS Statistics & Market Indicators by Denver Metro Association of REALTORS, RECOLORADO.com, Colorado Association of REALTORS - Anthony Rael, REMAX Alliance

August 2015 Denver Real Estate Market Statistics & Trends Report
Download the August 2015 Denver Real Estate Market Statistics & Trends Report -
 

"Ask and you shall receive! Denver REALTORS® have been begging for an increase in inventory for the past 12-months and July was just what the doctor ordered. New listings surged 5% over the previous month and 13% year-over-year which naturally helped ease the average and median prices. And just when you thought our days on market (DOM) couldn't get any lower…boom! The DOM for Detached Single Family Homes dropped an additional 15.5% from the previous month to 22. On the Condo side (aka Attached Single Family), the DOM inched down to 17 – one day less than the previous month.

Digging into the sizzling hot July stats. As our market replenished itself with 7,494 new listings, 5,484 homes were placed under contract and 5,484 homes Sold and Closed. We closed out the month with 7,470 Active Listings – representing a 21% increase over the previous month, but that was still 10% less than what we had available in July 2014. As we look at the month-over-month Detached Single Family Home market, we saw a modest 6% increase in New Listings while the Average and Median Sold Prices decreased ever-so-slightly by 1.38% to $412,996 and 2.78% to $350,000 respectively. The Condo market (aka Attached Single Family) showed the supply of New Listings increase 2.48% over the previous month while the Average Sold Price dipped 1.98% to $254,513 and the Median Price remained relatively unchanged at $215,000. For the entire residential market, which includes Attached and Detached properties, Under Contracts decreased by 5.82%; Sold Listings decreased 9.67% and total Sales Volume dropped to $2 billion from the previous month. Finally, a quick summary of the year-to-date Residential market stats show new listings at 42,555; DOM at 30; Average Price at $363,016 and a record-smashing $11.45 billion in Sales Volume.

As I mentioned in last month's DMAR Market Trends Report, the Denver-area's overall real estate market was showing signs of "easing up" or "cooling off" as we entered the prime home buying season and some sellers were beginning to sense a slight shift in the market. DMAR's July statistics appear to support that sentiment as a 20% rise in Active Inventory at month's end will most certainly increase buyer's chances of finding the home of their dreams, particularly as mortgage interest rates continue at historic lows and prices begin to ease. This is all welcome news for home buyers who have survived the recent months of our market frenzy. Even with the most recent decline in average and median sales prices, sellers have done remarkably well by realizing double-digit price appreciation in our year-over-year analysis."

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

Denver Real Estate Market Expert Opinion by Anthony Rael - Denver Metro Association of REALTORS - #dmarstats

Denver Real Estate Market Metrics - Denver Metro Association of REALTORS - #dmarstats
Denver Real Estate Market Insights - Denver Metro Association of REALTORS - #dmarstats
August 2015 Denver Real Estate Market Statistics & Trends Report - Denver Metro Association of REALTORS - DMAR

Denver Real Estate Market Statistics
Download the Full AUGUST 2015 Report & Press Release
Download August 2015 Denver Real Estate Market Statistics & Trends Report -
Download August 2015 Denver Real Estate Market Statistics & Trends Press Release -

DMAR Media Coverage
  Denver Post - "Metro Denver home market cools down in July"
  Denver Real Estate Watch - John Rebchook - "DMAR: New listings surge in July"
  Denver Business Journal - "Colorado's home-price pressure eases with influx of new listings"


Misc. Denver Real Estate Media Stories
  Kiplinger's Personal Finance - "Money-Smart Tactics to Prosper in This Hot Housing Market"
  5280 Magazine - "How to Navigate Denver's Competitive Sellers' Market" with REALTOR Anthony Rael

Denver Metro Association of Realtors (DMAR)
Archived Denver Real Estate Market Trends Monthly Reports
  July 2015 - Denver Real Estate Market Statistics & Trends Report & July 2015 Press Release
  June 2015 - Denver Real Estate Market Statistics & Trends Report & June 2015 Press Release
  May 2015 - Denver Real Estate Market Statistics & Trends Report
  April 2015 - Denver Real Estate Market Statistics & Trends Report
  March 2015 - Denver Real Estate Market Statistics & Trends Report
  February 2015 - Denver Real Estate Market Trends Report
  January 2015 - Denver Real Estate Market Trends Report
  December 2014 - Denver Real Estate Market Trends Report
  November 2014 - Denver Real Estate Market Trends Report
  October 2014 - Denver Real Estate Market Trends Report
  September 2014 - Denver Real Estate Market Trends Report
  August 2014 - Denver Real Estate Market Trends Report
  July 2014 - 11-Denver Real Estate Market Trends Report
  June 2014 - Denver Real Estate Market Trends Report
  May 2014 - Denver Real Estate Market Trends Report
  Denver Real Estate Market Stats & Trends Report - HOME


NOTES:
Interview requests from the media should be directed to DMAR's Marketing Communications at (303) 300-8490
MLS stats are tracked in arears, so the published report is for the previous month-end activity
The DMAR 'Premier Market' is defined as $500,000 to $749,999
The DMAR 'Signature Market' is defined as $750,000 to $999,999
The DMAR 'Luxury Market' is defined as $1,000,000 and over
11-Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson & Park
Research:  Denver Metro Association of REALTORS® Market Trends Committee

Source of MLS Data: REColorado.com

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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