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

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

Denver Housing Market - Anthony Rael

"November welcomed in a season to be grateful for: family, friends, good health and many REALTORS® are reporting a season of giving. We are seeing price reductions, and seller concessions as they start to realize that the cooler temperatures are not the only thing decreasing this season.

As you review the latest Market Trends Report, don't be alarmed by the substantial decreases in market metrics including Active Listings, New Listings, Sold and overall Sales Volume. I'd like to remind my fellow REALTORS® to study both month-over-month and year-over-year stats. While it's good to be aware of how the market is shifting from month-to-month, it's equally useful to pay attention to the 12-month trends. Year-over-year stats paint a picture of how the market fared during the same time last year, which allows you to compare and contrast the seasonal changes and keep things in perspective.

Digging into the November MLS housing stats: 3,374 New Listings came on the market while 3,987 homes were placed under contract and 3,373 homes Sold and Closed. We closed out the month with 5,683 Active Listings – representing a 20.58 percent decrease in inventory over the previous month, but 4.85 percent more properties than what we had available in November 2014. As we look at the month-over-month Detached Single Family Home market, we saw a sharp drop of 38.93 percent in New Listings, which is still 8.36 percent more than in November 2014. Average and Median Sold Prices remained relatively unchanged from the previous month, down a slight 0.41 percent to $401,241 and down 0.25 percent to $344,900 respectively. The Condo market, or Attached Single Family market, showed the supply of New Listings dropped 34.26 percent over the previous month, while the Average Sold Prices increased just 6.83 percent to $281,107 and the Median Price increased 4.90 percent to $225,000. For the entire Residential (RES) market, which includes Attached and Detached properties, Under Contracts decreased by 16.80 percent; Sold Listings decreased 29.36 percent and total Sales Volume dropped 28.69 percent to $1.23 billion from the previous month. A quick summary of the Year-to-Date (YTD) Residential market stats shows new listings at 63,596 (6.02 percent more than 2014); days on market at 30 (18.92 percent less than 2014); Average Price at $362,255 (11.63 percent more than 2014) and a record-smashing $18.5 billion in total Sales Volume (13.98 percent more than 2014).

I also wanted to share some interesting insights from DMAR’s recent Economic Summit, featuring keynote Dr. Paul Bishop, VP of Research for the National Association of REALTORS® (NAR). According to Dr. Bishop the total U.S. payroll employment has recovered. A whopping eight million jobs were lost from 2000-2008, but 12 million jobs have been gained since. Denver's job market recovered quickly. In the Denver-area, 76,000 jobs were lost between 2000 and 2008, but we’ve gained 201,000 jobs since. Another interesting finding out of NAR is from a recent survey. According to the survey, 83 percent of renters said they wanted to own a home, 42 percent believe they can’t afford a home and 59 percent think it's too difficult to qualify for a mortgage.
Also something to keep on your horizon is that the Federal Reserve will be meeting in the next two weeks and all indications point to a possible short-term interest rate increase – which have been near zero since December 2008. What impact will this have on mortgage rates? Weigh-in on social media using #dmarstats."

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

December 2015 Denver Real Estate Market Statistics & Trends Report - Denver Metro Association of REALTORS - DMAR
Denver Real Estate Market Expert Opinion by Anthony Rael - Denver Metro Association of REALTORS - #dmarstats
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
Month End Active & Sold Listings

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

 

Archived Denver Real Estate Market Trends Monthly Reports
  November 2015 - Denver Real Estate Market Statistics & Trends Report
  October 2015 - Denver Real Estate Market Statistics & Trends Report & Oct 2015 Press Release
  September 2015 - Denver Real Estate Market Statistics & Trends Report & Sept 2015 Press Release
  August 2015 - Denver Real Estate Market Statistics & Trends Report & August 2015 Press Release

  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?

[ RETURN TO MARKET TRENDS HOME ]

[ Investing in Denver Real Estate ]

 

Denver Real Estate - Everything You Need to Know Aout the HOTTEST Real Estate Market in the Country
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

Featured MLS Listings, SOLD Listings, Arvada Homes for Sale, Aurora Homes for Sale, Boulder Homes for Sale, Brighton Homes for Sale, Broomfield Homes for Sale, Castle Pines Homes for Sale, Commerce City Homes for Sale, Denver Homes for Sale, Erie Homes for Sale, Golden Homes for Sale, Highlands Ranch Homes for Sale, Lafayette Homes for Sale, Lakewood Homes for Sale, Littleton Homes for Sale, Louisville Homes for Sale, Northglenn Homes for Sale, Parker Homes for Sale, Thornton Homes for Sale, Westminster Homes for Sale - Denver Residential Real Estate, New Home Construction, Investment Properties, First-time Buyers, Relocation
Denver's Hottest New Home Listings 
| Find Your Dream Home | Pre-Qualify for a Home Mortgage
Featured Home & Condo Listings 
| Relocating to Denver Colorado | Buying or Selling Short Sales
How Much is Your House Worth? 
| Seller Resources | Homebuyer Resources | Reliable Contractors
Where to Live in Denver
| Advice & Counseling | Community Resources | Investing in Denver Real Estate
Denver Market Statistics | Why Hire a Realtor? | Reviews | Meet Anthony | Social Media | Contact

MLS/IDX PROPERTY LISTINGS
»  Arvada Homes for Sale
»  Aurora Homes for Sale
»  Boulder Homes for Sale
»  Bow Mar Homes for Sale
»  Brighton Homes for Sale
»  Broomfield Homes for Sale
»  Castle Pines Homes for Sale
»  Castle Rock Homes for Sale
»  Centennial Homes for Sale
»  Cherry Hills Village Homes for Sale
»
 Commerce City Homes for Sale

MLS/IDX PROPERTY LISTINGS
»  Denver Homes for Sale
»  Edgewater Homes for Sale
»  Elizabeth Homes for Sale
»  Firestone Homes for Sale
»  Glendale Homes for Sale
»  Golden Homes for Sale
»  Greenwood Village Homes for Sale
»  Highlands Ranch Homes for Sale
»  Investing in Denver Real Estate
»  Lafayette Homes for Sale
»
 Lakewood Homes for Sale
MLS/IDX PROPERTY LISTINGS
»  Littleton Homes for Sale
»  Lone Tree Homes for Sale
»  Longmont Homes for Sale
»  Louisville Homes for Sale
»  Morrison Homes for Sale
»  Northglenn Homes for Sale
»  Parker Homes for Sale
»  Superior Homes for Sale
»  Thornton Homes for Sale
»  Westminster Homes for Sale
»
 Wheat Ridge Homes for Sale
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC. Real estate listings held by brokers other than REMAX Alliance, ReMax Alliance or RE/MAX are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. The data relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC. Listings held by brokers or brokerage firms or other realty firms other than REMAX, RE/MAX or REMAX ALLIANCE are marked with the IDX logo.  All data in this web site is deemed reliable but is not guaranteed.  All information subject to change and should be independently verified.

Where Do You Want To Live?
Search MLS Listings - Find Your Dream Home Today! - REMAX - Anthony Rael - 303-520-3179

Featured MLS Listings, SOLD Listings, Arvada Homes for Sale, Aurora Homes for Sale, Boulder Homes for Sale, Brighton Homes for Sale, Broomfield Homes for Sale, Castle Pines Homes for Sale, Commerce City Homes for Sale, Denver Homes for Sale, Erie Homes for Sale, Golden Homes for Sale, Highlands Ranch Homes for Sale, Lafayette Homes for Sale, Lakewood Homes for Sale, Littleton Homes for Sale, Louisville Homes for Sale, Northglenn Homes for Sale, Parker Homes for Sale, Thornton Homes for Sale, Westminster Homes for Sale - Denver Residential Real Estate, New Home Construction, Investment Properties, First-time Buyers, Relocation
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)

© 2005-2016 ANTHONYRAEL.COM | ALL RIGHTS RESERVED | PRIVACY | SITEMAP | HOME | SOCIAL MEDIA
AnthonyRael.REALTOR  |  SearchHomesInDenver.com  |  SearchDenverHomesForSale.com  |  HomesForSaleDenverColorado.com
REMAX  |  RE/MAX, LLC  |  RE/MAX Rocky Mountain  |  RE/MAX Alliance  |  REMAX.com

HHonest & Trustworthy Real Estate Services in Denver Colorado - Anthony Rael - REMAX Alliance Denver - Relocation | New Homes | Single Family Homes | Houses | Condos | Investment Properties