Metro Denver Real Estate Market Report

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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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December was an active month for the housing market in the Denver metro and surrounding area, with a strong month-over-month increase in sales.    

Home sales saw a jump in December, with 4,436 homes closing, a month over month increase of 31 percent and year over year increase of two percent.  During the month, 3,174 single family detached sales homes sold and 1,262 condos/townhomes sold. 

Download a copy of this report.

“December typically brings a month-over-month increase in residential real estate sales, but this December surprised us with a much higher increase than we’ve seen in previous years,” said Kirby Slunaker, president and CEO of REcolorado. “Home prices have moderated since the second quarter, allowing buyers to jump into a market

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Denver Area Housing Inventory Up Year Over Year

Prices Remain Strong

According to REcolorado, Colorado’s largest MLS and the provider of the re-designed REcolorado.com, the housing market in the Denver metro and surrounding area continued to experience typical fourth quarter softening. Inventory levels remained up as compared to last year, with average sales prices remaining steady.

November ended with 6,954 active listings on the market, a seasonal month-over-month decrease; however, a welcome six percent increase as compared to last year. As expected, sellers brought new listings to the market at a slower pace in November. During the month, 3,686 new listings came on the market, 15 percent higher than November 2014.

Months of Inventory

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Denver Area Housing Prices Rise in October

Inventory levels up compared to last year

The housing market in the Denver metro and surrounding area remained active despite seasonal softening. Inventory levels remain stable, thanks to a steady stream of new listings coming on the market. After several months of decreases, average sales price increased in October.

With 8,563 active listings on the market, October’s inventory of available homes for sale was down five percent month over month but, was seven percent higher than this time last year. Inventory levels held steady thanks to sellers bringing 5,830 new listings to the market, eight percent less than last month, but 18 percent more than October 2014.

Months of Inventory remained at two months

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