2019 ended with 5,037 active listings, down 9.68
percent from 2018; representing 41 percent of metro Denver’s 30-year
annual average of 12,262 active listings. For historical perspective,
active listings reached their highest point in July 2006 with 31,989
listings. During that period of record highs, months of inventory stood at
6.6 months which implied a robust homebuyer’s market. The record-low month
was in December 2017 with 3,854 listings. A year later, that number
increased 44.7 percent to 5,577. This growth in housing inventory was due
in part to sluggish sales and a higher number of new listings entering the
market. According to the numbers, this trend started to reverse itself
toward the midpoint of 2019 with November representing the first month in
the previous 13 that showed a decrease in listings compared to the
previous year.
2019 also established a new historical high and marked the eighth
consecutive year of price gains. In 2019 the average home price was
$486,695 and the median home price was $420,000, up 2.85 percent and 2.46
percent respectively compared to 2018. Over the last 30 years the average home price in metro Denver has
increased a staggering 417 percent!
The DMAR monthly report also includes statistics and analyses in its
supplemental “Luxury Market Report” (properties sold for $1 million or
greater), “Signature Market Report” (properties sold between $750,000 and
$999,999), “Premier Market Report” (properties sold between $500,000 and
$749,999), and “Classic Market” (properties sold between $300,000 and
$499,999). In 2019, 2,421 homes sold and closed for $1 million or greater,
up nearly 12 percent from 2018. The closed dollar volume in the luxury
segment was $3.74 billion, up 13.46 percent compared to 2018.
The highest-priced single-family home that sold in December was the
highest-priced home sale historically on record in metro Denver at
$11,625,000, representing six bedrooms, 11 bathrooms and 15,473 above
ground square feet in Englewood. The highest-priced condo sale in December
was $2,250,000 representing four bedrooms, four bathrooms and 3,152 above
ground square feet in Denver. Notably, the highest-priced condo sale in
2019 was in January at $10,750,000 representing three bedrooms, five
bathrooms and 6,295 above ground square feet in Denver.
DMAR : Denver Metro Association of REALTORS Market Trends Report :
Residential : Detached Single Family Homes & Attached Condos/Townhomes
The Luxury Market was the only housing segment to see a year-over-year
decrease in average and median days on market. Homes priced $1 million and
up saw a decrease in average days on market from 68 in 2018 to 60 in 2019,
down 11.76 percent, and has notably been decreasing since 2015 when it
stood at 87 days.
2019 had a staggering 56.52 percent increase in the sale of luxury condos
priced $1 million and over compared to the previous year, from 184 to 288.
Furthermore, in 2019, condos spent an average of 12 fewer days on the
market compared to that of single-family homes, though the average sales
prices were close.
Monthly Report is based on the
most recent previous month of MLS stats from REColorado
Source:
Denver Metro Association of REALTORS® Market Trends Committee #dmarstats
Infographics Courtesy
of:
Anthony Rael, RE/MAX Alliance
Archived Denver
Real Estate Market Reports
Month-end Inventory, Average & Median Sales Prices, Days on Market
(DOM), Price Appreciation, Sales Volume & More!
Archived Denver
Colorado Real Estate Market Snapshots
A graphical look back at market stats and trends since
2015 : Infographics compliments of Anthony Rael
City and County Real
Estate Market Reports
October 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
September 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
August 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
July 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
June 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
May 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
April 2020 -
Denver Colorado Real Estate Market Statistics & Trends Report
March 2020 -
Denver Colorado Real Estate Market Statistics & Trends Report
February
2020 - Denver Colorado Real Estate Market Statistics & Trends Report
January 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
2019 Year-End : a
30-Year Historical Perspective of the Denver Real Estate Market
December 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
November 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
October 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
September 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
August 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
July 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
June 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
May 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
April 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
March 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
February 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
January 2019 - Denver Colorado Real Estate Market Statistics & Trends
Report
December 2018 - Denver Colorado Real Estate Market Statistics & Trends
Report
November 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
October 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
September 2018 -
Denver Colorado Real Estate Market Statistics & Trends Report
August 2018 -
Denver Real Estate Market Trends Report
July 2018 -
Denver Real Estate Market Trends Report
June 2018 -
Denver Real Estate Market Trends Report
May 2018 -
Denver Real Estate Market Trends Report
April 2018 -
Denver Real Estate Market Trends Report
March 2018 -
Denver Real Estate Market Trends Report
February 2018 -
Denver Real Estate Market Trends Report
January 2018 -
Denver Real Estate Market Trends Report
December 2017 -
Denver Real Estate Market Trends Report
November 2017 -
Denver Real Estate Market Trends Report
October 2017 -
Denver Real Estate Market Trends Report
September 2017 -
Denver Real Estate Market Trends Report
June 2017 -
Denver Real Estate Market Trends Report
May 2017 -
Denver Real Estate Market Trends Report
April 2017 -
Denver Real Estate Market Trends Report
March 2017 -
Denver Real Estate Market Trends Report
February 2017 -
Denver Real Estate Market Trends Report
January 2017 -
Denver Real Estate Market Trends Report
December 2016 -
Denver Real Estate Market Trends Report
November 2016 -
Denver Real Estate Market Trends Report
October 2016 -
Denver Real Estate Market Trends Report
September 2016 -
Denver Real Estate Market Trends Report
August 2016 -
Denver Real Estate Market Trends Report
July 2016 -
Denver Real Estate Market Trends Report
June 2016 -
Denver Real Estate Market Trends Report
May 2016 - Denver Real Estate Market Trends Report
April 2016 - Denver Real Estate Market Trends Report
March 2016 - Denver Real Estate Market Trends Report
February 2016 - Denver Real Estate Market Trends Report
January 2016 - Denver Real Estate Market Trends Report
December 2015 - Denver Real Estate Market Statistics & Trends Report
November 2015 - Denver Real Estate Market Statistics & Trends Report
October 2015 - Denver Real Estate Market Statistics & Trends Report
September 2015 - Denver Real Estate Market Statistics & Trends Report
August 2015 - Denver Real Estate Market Statistics & Trends Report
July 2015 -
Denver Real Estate Market Statistics & Trends Report
June 2015 -
Denver Real Estate Market Statistics & Trends Report
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 Statistics & Trends Report
January
2015 - Denver Real Estate Market Statistics & 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
The DMAR Market Trends
Committee, part of the Denver Metro Association of REALTORS®, provides
timely, consistent, and relevant monthly summaries of valuable local
real estate market statistical data for both its members and the
general public. Statistics from the “Denver Metro Real Estate Market
Trends Report” provide data for the following counties: Adams,
Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert,
Gilpin, Jefferson, and Park. Source of the reported data is REcolorado.
Stats & Infographics Courtesy
of:
Anthony Rael, RE/MAX Alliance
