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

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

"Tis' the season to be breaking records! While inventory throughout the 11-county metro Denver area continued to be naughty, the number of sold listings, average sales price and sales dollar volume were all very nice. Active listings for single family and condos decreased nearly 20% from the previous month to an annual low of 4,355 units in December. At December month end, there was less than a 500-unit difference between the number of active listings (4,355) and the number of sold/closed (3,869).

Many Denver Metro Association of REALTORS® members feel that low inventory levels may be the new norm, at least for the next 12 to 18 months. Sellers will continue to have the upper-hand in negotiations with buyers, but pricing and condition will need to be justified in order to ensure top-dollar. Consumer confidence is high and mortgage interest rates are low. Buyer demand is strong, but home buyers need to be patient and prepare to compete until more inventory comes online. Foot-traffic and sales activity for new home construction was strong in December and the outlook for new builds looks favorable as buyers grow impatient waiting for resale homes to come on the market. The question is, will builders have enough skilled subcontractors to keep up with demand?

Combining the $17.5 billion in Closed Dollar Volume with the projected $4.4 billion in the secondary market, our 11-county Denver metro real estate market had a $22 billion impact on the area economy! One thing is certain, 2014 proved that we can do more with less and we'll need to figure out a way to replicate the successes of this year as we march into 2015."


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

 

Infographic:  December 2014 Denver MLS Stats - Real Estate Market Stats
January 2015 - Denver Real Estate Market Trends - Expert Opinion by Denver REALTOR Anthony Rael

Denver Real Estate Market Metrics for December 2014

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

Archived Denver Real Estate Market Trends Monthly Reports
  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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