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

June 2015 Denver Real Estate Market Statistics & Trends Report
for May 2015 MLS Statistics - Download the Press Release - Download the December 2014 Denver Real Estate Market Trends Report

"The month of May brought in cool, wet weather and also another strong month of new listings to keep many buyers happy! While showing activity traditionally slows down in May due to Mother's Day, high school and college graduations and Memorial Day, that didn't stop us from seeing upward month-over-month trends in new and active listings, under contracts, sold properties and overall sales volume.

Let's dig into the numbers. May 2015 registered 7,054 new listings – mostly unchanged from the previous month, but 4% less than May 2014. As our housing inventory was replenished by an abundance of new properties, 5,877 homes were placed under contract and 4,913 sold and closed. We closed out the month with 5,657 active listings - which was 13% more than the previous month, but that was still 24% less than what we had available in May 2014. As we look at the month-over-month Detached Single Family Home market, we saw a 1% drop in new listings while the average sold price increased nearly 4.24% to $420,630 and the median price increased 2.57% to $359,000. The Condo market (aka Detached Single Family) also showed an uptick in the supply of new listings with a 3.38% increase over the previous month, while the average sold price inched up 2.49% to $262,859 and the median price increased 4.99% to $216,000. For the entire Residential market (Single Family & Condo), under contracts were up 4.85%; sold listings are up 3.80% and total sales volume was $1.85 billion representing a 8.08% increase over the previous month. Current Days on Market (DOM) continued to decline from the previous month by 13.79% or 27 days for single family homes and 20 for condos.

Home prices continue to rise and buyer demand continues to be very strong. Overall, the Months of Inventory (MOI) is 1.28 for Single Family (aka Detached Single Family) and 0.81 for Condos (aka Attached Single Family) and 1.15 for Residential (RES). School is out or will be soon, historically the next 45 to 60 days will represent the prime home buying season as buyers desire to be in their new home prior to the start of the next school year. The most expensive properties sold in May included a Single Family home at $4.65 million in Cherry Hills Village as well as a Condo for $2.5 million in Riverfront Park. Both listing and selling agents were DMAR members. As always, I would like to encourage my fellow DMAR REALTORS to keep consistency in the forefront. Innovate. Meet consumer needs. Master your craft. Raise the bar.”


- 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
Denver Real Estate Market Data at a Glance - Denver Metro Association of REALTORS - #dmarstats
Click to view the June 2015 Denver Real Estate Market Trends Report
Click to view the June 2015 Denver Real Estate Market Trends Report
Click to view the June 2015 Denver Real Estate Market Trends Report

Download the Full Report & Press Release
  DMAR Real Estate Market Trends Report - June 2015 -  
  DMAR June 2015 Market Trends Press Release -

Media Coverage
  "Buying a metro Denver home? It will cost you more than ever" - Denver Business Journal - 6/4/2015
  "Less than a 6-week supply of homes available" - Denver Real Estate Watch - 6/5/2015

Archived Denver Real Estate Market Trends Monthly Reports
  May 2015 - Denver Real Estate Market Trends Report
  April 2015 - Denver Real Estate Market Trends Report
  March 2015 - Denver Real Estate Market 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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