Metro Denver Real Estate Market Report

There are currently 52 blog entries related to this category.


Buyers feel relief with price improvements and an abundance of listings. 

In July, for the entire residential market (single family and condos), there were decreases in nearly every category, including new listings, homes sold, average and median sold prices and overall sales volume. The only category showing an increase was active listings, up 9.89 percent compared to the month prior. 


“Who needs a national political convention for entertainment when we get to experience the Denver Metro real estate market?” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “July was an interesting month overall as so many seasonal factors converged, pushing nearly every statistical category into the red

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June was a record-setting month for 2016!

We set yearly records for active listings, new listings, days on market, average sold price, median sold price, number sold, and sold volume. Since 2005, Denver has seen an average increase in listings of 4.2% from May to June. This year, however, listings increased 24.4% - a big jump compared to the past 11 years!


Since 1985, June represents the high water mark for active listings 19% of the time, compared to July and August, which represent the high water mark 26% of the time. We are starting to see signs of a much needed market correction and a market plateau may be on the horizon. Denver County is the #1 county in Colorado – and #7 county in the nation – for inbound migration.

Denver rental

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What is the cost of waiting to buy a Denver home? This is a blog that I try to do twice a year and every time I write it, I think there is no way these numbers will come to fruition. But every time I've written it, the projected average price for a Denver single family home has always met or exceeded the projection and I don't expect it to be any different this time.

Based on job growth, the number of people moving to Denver, lack of inventory and sustained demand, it looks like the average price for a home in May of 2017 will be pushing $500K, right around $491,606. This is an incredible increase and evidence that we are not in a bubble and even more reason why it's still a great time to buy in Denver. 


I wish I could take credit for these

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Homes on the market hit a new record low for the month of May at 5,463 active listings.

As reference, the average number of active listings in the month of May is 16,981 (1985-2015). The record high May was in 2006 with 30,457 listings, and the record low May was 2015 with 5,657.

“Ongoing inventory shortages are now spreading across the country,” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “And here we are setting yet another new record low for inventory in May.”  

While active listings are only down 3.43 percent year over year, this is the time of year when inventory grows until the market hits its peak in August and September according to Rael.

He comments, “If things continue at this

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Compared to the previous month, the metro-Denver residential real estate market experienced increases in virtually every category including active listings, new listings, homes under contract, homes sold and closed, and overall sales volume. While the average and median sales prices were also up in April, it was only a two percent and 1.45 percent increase respectively.

“Close your eyes and imagine the opening chords to the Rolling Stone's song 'Start Me Up' and it will surely do two things – put a smile on your face and get you pumped up!” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “Our Spring real estate market gives me that feeling because it is off to a great start as evidenced by

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The Spring Market Has Officially Arrived, Along With Fresh Inventory.

For the entire residential market last month, active listings, new listings, homes under contract, and homes sold showed double-digit month-over-month gains. The total sales volume is up 11.93 percent year to date to $3.87 billion.

“Spring has sprung and the Denver-area is bursting with activity,” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “I’m quite certain homebuyers and my fellow REALTORS® are growing tired of hearing about our lack of housing inventory, so it’s with great pleasure that I share that this month’s market trends report is filled with an abundance of positive news.”  

Digging into the numbers, for the entire

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Inventory hits another record low. 

From 1985-2015, February has averaged 14,979 active listings. The Denver-area had a record high of 25,484 in 2006, and closed out February 2016 with a historically low 3,963 active listings – representing a six percent decrease in inventory over the previous month and 2.8 percent decrease year over year.

“Market activity is picking up, but home sellers appear to be holding out for the upcoming spring frenzy in April and May,” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “This spring is shaping up to replicate last year's market of high demand significantly outweighing supply.” 

Digging into the February MLS housing stats for the entire residential

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Download our report.

January ended the month with a total of 4,221 active listings (single family and condos). Looking back at the last three decades (1985-2015), January has averaged 14,426 available listings with a record-high in January 2006 of 24,387 - nearly six times more than today.

"As the city finds itself buried in a foot of snow, my fellow REALTORS® find ourselves wondering when the avalanche of new listings will make their way into our marketplace,” said Anthony Rael, Chairman of the DMAR Market Trends Committee and Denver real estate agent. “While it sounds redundant for me to talk about the ongoing lack of inventory and rapidly increasing home prices each month, it is what it is. Simply put, we have to keep finding ways to do

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What will the Denver Real Estate market do in 2016? Every year about this time, I collect all the data I can, read every article I can find about the Denver market the year before and predictions for the following year, poll all the agents I know, and then try my very best to predict what will happen with the market that year. 

For 2016, I fully expect that the Denver Real Estate Market will be bullish once again. All the major Real Estate researcher companies with people much smarter than myself predict that Denver will be the top Real Estate market in the country in 2016. According to Clear Capital's Home Data Index, the Denver Metro area is expected to see 7.7% appreciation in 2016 which will be highest in the nation, just down from 11.7% we saw…
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 2015 was a record-smashing year for the Denver residential real estate market.

Total sales volume was $20.16 billion, up 14.5% from 2014. 

The year ended with only 5,501 active listings, and illustrates the story of the year’s market: low inventory. In addition, low interest rates, an improving local economy, and the continued influx of new residents drawn to the Mile High City, created high demand for Denver real estate.

Taking into the account the entire year, the average sales price for a detached single family home was $400,361. That represents an 11% annual increase in value, and firmly places Denver at the top of the nation’s real estate market. And a fast moving one too. The average time for a property to be on market was only 26 days. 


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