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

February 2015 Denver Real Estate Market Statistics & Trends Report
for January 2015 MLS Statistics

"The Denver real estate market is feeling a bit ‘deflated' due to the scarcity of available homes for sale and its inability to keep up with the abundance of demand from buyers. Boomerang and first time home buyers are anxious to enter the housing market to take advantage of 30-year conventional mortgage interest rates that are hovering in the 3.5% range. Consumer confidence increased in January to 102.9 up from 93.1 in December, which is the highest level since August 2007. If we could magically double the current inventory, there's no doubt the majority would be snapped up quickly.

Active listings in the residential market (single family and condos) decreased slightly 4.23% to 4,171 total units in January, while the number of sold listings decreased 42.74% compared to the previous month. There's no need to panic because January is traditionally a slower market. As we look at the Single Family Home market, the average sold price dipped 2.01% to $371,899 while the median price remained relatively unchanged at $320,500. Year-over-year (YOY), we've seen 11.26% and 16.55% increases in the average and median sales price. The Condo market showed 41.29% fewer sales than the previous month, while the average and median sales prices remained relatively unchanged at $236,736 and $187,450 respectively. YOY condo sales prices showed impressive double-digit gains, an increase in the average price at $236,736 (up 15.33%) and median price at $187,450 (up 19.78%). Sellers are thrilled by the price appreciation, but are also feeling a bit of shock and awe as they seek a replacement property.

As pointed out in last month's report, low inventory levels may be the new norm for the next 12 to 18 months. Given that, the greatest opportunity in 2015 for DMAR members will be proactively and aggressively ramping up their marketing campaigns to increase the number of homes available for sale and continuing to educate consumers on the value of home ownership.”

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

Denver Real Estate Market Metrics - #dmarstats - How's the Denver Real Estate Market?

Denver Real Estate Market Trends - Expert Opinion by Denver REALTOR Anthony Rael


Denver Real Estate Market Insights - #dmarstats

Denver Real Estate Market - Month End Active Listings & Month End Sold Homes

Download the Full Report
  DMAR Real Estate Market Trends Report - February 2015 -   

Media Coverage
  "Metro Denver Struggles with Record Low Supply of Homes for Sale" - Denver Post

Archived Denver Real Estate Market Trends Monthly Reports
  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


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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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

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