Denver Real Estate Market Report. Year-over-Year Look at Denver Colorado Home Values & Home Prices provided by REMAX Denver Real Estate Agent/Realtor Anthony Rael
Understanding Denver's Real Estate Market - # DMARSTATS

February 2024 Denver Real Estate Market Report
Denver Metro Association of REALTORS | #dmarstats
Denver CO Real Market Snapshots by REMAX Colorado Realtor, Anthony Rael

As the spring selling season kicks off, interest rates have ticked up again and many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. New listings increased 29.12 percent month-over-month and 22.63 percent year-over-year. Active listings at month’s end rose 13.14 percent to 5,511 homes, an astounding 45.87 percent gain year-over-year.

Serious buyers, on the other hand, showed discernment as they know inventory is growing. Pending sales rose slightly by 12.70 percent month-over-month to 3,514, showcasing that buyers are taking their time to choose the right home for their needs. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. In short, if sellers executed their plan correctly, they received multiple offers and maximized their profit.

Conscious buyers have another new strategy in their playbook as home insurance availability has also become a serious issue across the country for homeowners, and Denver included. As such, buyers are considering home insurance concerns before submitting an offer and reaching out to their insurance providers to verify they can obtain coverage in their desired area of town. They are then obtaining a CLUE (Comprehensive Loss Underwriting Exchange) Report, which details past claims and uncovers potential hurdles before submitting an offer to help facilitate a smooth transaction. This is invaluable information as some insurance providers are declining coverage, even in Metro Denver, which can easily derail a transaction.

For the $1+ million market, the days when sellers waited for their spring gardens to bloom before listing their homes for sale are now long gone. Sellers jumped in early, listing 689 new homes in February, resulting in the largest month-over-month increase in inventory of any segment of the market. The number of new attached homes priced $1 million and above essentially doubled from January, up a whopping 96.77 percent, while new detached homes were up 58.99 percent.

This large increase in new listings in February caused this market to have dramatically more months of inventory than any other segment. This glut of inventory was particularly noticeable in the attached market, where condos and townhomes priced $1.5 million to $1.99 million had 9.25 months of available inventory and those attached homes over $2 million faced 7.33 months of inventory, making this segment a solid buyer’s market. Detached homes remain a bit more competitive, particularly in the $1 million to $1.499 million price point, where there were only 2.63 months of inventory available. At the higher price points, the market tilted in favor of buyers, particularly in the $2 million plus segment, which had 6.38 months of inventory available in February.

February 2024 Denver Real Estate Market Snapshot : Median & Average Sales Price & Days On Market
Denver Median & Average Sales Price & Days On Market - Feb'24

February 2024 Denver Colorado Real Estate Market Snapshot : New Listings + Pending Home Sales & Sold Listings
Denver New Listings + Pending Home Sales & Sold Listings - Feb'24

Denver Colorado Million-Dollar + Luxury Home Market : New Listings, Homes Sold, Sales Volume, Days on Market & Price/SqFt - Feb 2024
Luxury Home Market : New Listings, Homes Sold, Sales Volume, Days on Market & Price/SqFt - Feb'24

FEBRUARY 2024 DMAR MARKET TRENDS REPORT

Knowledge is Power. Anthony Rael will help educate you on current real estate market conditions so you can make better decisions. Just Call Ants.
Denver Colorado Real Estate Snapshots - presented by Denver REMAX Realtor Anthony Rael

Source: Denver Metro Association of REALTORS® Market Trends Committee and REColorado
Infographics/Snapshots Courtesy of: Anthony Rael, RE/MAX Alliance

  City and County Real Estate Market Reports
  Denver Colorado Real Estate Market Statistics & Trends Reports - Main Index

2024
  Most Recent DMAR Market Trends Report
  February 2024 - DMAR Market Trends Report
  January 2024 - DMAR Market Trends Report

2023
  December 2023 Final - DMAR Market Trends Report
  December 2023 - DMAR Market Trends Report
  November 2023 - DMAR Market Trends Report
  October 2023 - DMAR Market Trends Report
  September 2023 - DMAR Market Trends Report
  July 2023 - DMAR Denver Colorado Real Estate Market Report
  July 2023 - DMAR Denver Colorado Real Estate Market Report
  June 2023 - DMAR Denver Colorado Real Estate Market Report
  May 2023 - DMAR Denver Colorado Real Estate Market Report
  April 2023 - DMAR Denver Colorado Real Estate Market Report
  March 2023 - DMAR Denver Colorado Real Estate Market Report
  February 2023 - DMAR Denver Colorado Real Estate Market Report
  January 2023 - DMAR Denver Colorado Real Estate Market Report

2022
  December 2022 - Denver Metro Association of Realtors Market Trends Report
  November 2022 - Denver Metro Association of Realtors Market Trends Report
  October 2022 - Denver Metro Association of Realtors Market Trends Report
  September 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  August 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  July 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  June 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  May 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  April 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  March 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  February 2022 - Denver Colorado Real Estate Market Statistics & Trends Report
  January 2022 - Denver Colorado Real Estate Market Statistics & Trends Report

2021
  December 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  November 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  October 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  September 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  August 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  July 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  June 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  May 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  April 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  March 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  February 2021 - Denver Colorado Real Estate Market Statistics & Trends Report
  January 2021 - Denver Colorado Real Estate Market Statistics & Trends Report

2020
  December 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
  November 2020 - Denver Colorado Real Estate Market Statistics & Trends Report
  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
  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
  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

2018
  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

2017
  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

2016

  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

2015
  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

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

NOTES:
Interview requests from the media should be directed to DMAR's Marketing Communications at (303) 300-8490
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.

Real Estate Snapshots & Infographics Courtesy of: Anthony Rael, RE/MAX Alliance

Find Your Dream Home with REMAX in Colorado : Denver Colorado Homes For Sale : Denver MLS Property Listings : #JustCallAnts : SearchHomesInDenver.com : Anthony Rael REMAX Alliance

  Media Coverage
Former Denver Metro Association of Realtors Market Trends Chairman Anthony Rael with RE/MAX Alliance is a trusted "go-to" real estate expert for local, regional and national media. Below is a list of recent media interviews with Anthony providing expert commentary. Below are a few of media interviews he's provided commentary on:

Denver Post - Once the king, cash losing a little cachet when it comes to buying a Denver home
Colorado Public Radio - Climbing Denver Home Prices Finally Spark Some Building
Colorado Public Radio - Denver Home Prices Are Still Climbing. The Good News? Price Growth Is Slowing
HousingWire.com : Mile-high Appreciation & Mile High Appreciation
Colorado Public Radio - As Buyers Spar Over Denver Homes, Veterans Find Themselves At A Disadvantage
VeroFORECAST Predicts Continuing Strength in Housing Market : Top Markets Rising 10 Percent Over The Next 12 Months
Denver Business Journal : Denver area housing market to see big value increase in 2018: Report
Denver7 & TheDenverChannel.com : Realtors warn of potential security flaw at homes listed for sale
Denver Post : Denver, northern Front Range real estate party ends in late 2019, new forecast predicts
Denver Business Journal [Video] : Battles are fierce for bidding homebuyers in metro Denver
Denver7 & TheDenverChannel.com : Thieves breaking into Denver homes are using real estate lockboxes to do so
5280 Magazine : Denver’s 2017 Real Estate Outlook
Denver Post : Denver area still lags in new home construction
Denver Business Journal : Metro Denver home inventory shortages persist as prices continue to grow
Denver Post : Metro Denver home prices slightly down, condo prices up in August: Rush on appraisals
Denver Real Estate Watch : Seasonal real estate peak
Denver Post : Home prices drop in metro Denver as affordability becomes an issue
Denver Business Journal : Metro Denver home prices continue strong gains
Denver Real Estate Watch : Record home price takes a breather
Worth Magazine : Influx of millennials creating exciting investment opportunities in Denver
Denver Post : Metro Denver sees a big jump in the inventory of homes for sale in June
Denver7 & TheDenverChannel.com : Finding a home for sale is hard to come by these days, but some have made it work
Denver Business Journal : Metro Denver home inventory up in June, but prices climbed faster
Denver Post : Denver median home sold price nears $400,000
CBS4 News : Denver’s Housing Market Just Keeps Getting Tighter
CBS4 News [Video] : Denver’s Housing Market Just Keeps Getting Tighter
Denver Post : Frustration rises as a fifth of Denver home sale deals fall through in April 
Denver Business Journal : Metro Denver housing inventory hits record low for May
Denver Post : Inventory of homes for sale hits record low in metro Denver 
9News Denver [Video] : Low inventory leads to creative home-buying tactics
Denverite : Do people move to Colorado for legal weed? Probably not, but no one knows for sure
Denver Post : Denver home sale listings jump 33.6 percent over record-low February
Denver Business Journal : Denver-area home prices continue to climb; low-priced inventory scant
Denver Business Journal : $20 billion in metro Denver home sales in 2015 and other records
Denver Business Journal : Denver home inventory continues climb in November, but so do prices
Denver Business Journal : Colorado home prices up 12 percent, but inventory up too
Denver Business Journal : Denver-area house prices up 11%, but slowdown could be in sight
Denver Business Journal : Colorado's home-price pressure eases with influx of new listings
Denver Business Journal : Is Denver's residential real estate market cooling off?
Denver Business Journal : Torrid metro Denver home-price pace to continue
Denver Business Journal : Passing $400K, average Denver-area house sale prices hit all-time high
Denver Business Journal : Metro Denver home supply down 32% in March from year ago
Denver Business Journal : Average home price in metro Denver tops $390K
Denver Business Journal : Denver metro home sales created a $22 billion impact in 2014
Denver Business Journal : Denver area home buying continues slowdown
Denver Business Journal : Residential real estate market softened in Denver during August
Denver Business Journal : Metro Denver homebuying hits $1.9 billion in monthly sales
Denver Business Journal : Buying a metro Denver home? It will cost you more than ever
Realty Today : Four Factors That Play Important Roles in Denver's Real Estate Market in 2016
5280 Magazine : Issues That Will Impact the 2016 Real Estate Market
MONEY Magazine : Buyers Guide: How to Beat the Competition in a Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
Colorado Springs Gazette : Colorado Springs' lower home prices lure frustrated Denver buyers
Kiplinger Magazine : Money-Smart Tactics to Prosper in This Hot Housing Market
Denver Business Journal : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair
TIME-Money Magazine : The Letter That Saved $11,000. Really.
Builder and Developer Magazine : Denver’s Housing Market Just Keeps Getting Tighter
MSN Money : Millennials shift to buying as rents surge
DenverPost.com : Anthony Rael, Denver Real Estate Agent & DMAR Market Trends Chair

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 ]
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