Metro Denver Real Estate Market Report

There are currently 46 blog entries related to this category.

The Denver-area Housing Market Shows Signs of Easing as July Brings More Homes.  

Real Estate Remains Sizzling Hot with Record-Smashing $11.45 Billion in Sales Volume Year-to-Date and Homes Selling Fast at an Average of 20 Days, but Market Conditions are Shifting.  

New residential home listings on the market in July increased 5 percent over the previous month and 13 percent year-over-year, which naturally helped ease the average and median sold prices of homes – $366,419 and $314,900 respectively. At July month’s end, there was a 20 percent rise in active listings compared to the previous month.

 

Denver REALTORS® have been begging for an increase in housing inventory for the past 12-months and July was just what the doctor ordered,” said

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As is typical in the active summer months, sellers continued to bring to the market new listings of homes for sale. In June, 7,644 new listings came on the market, a one percent increase as compared to last month and four percent higher than June 2014.

Thanks in part to the continued influx of new listings, inventory levels saw an uptick in June. The month ended with 7,531 active listings on the market, nine percent more than last month. Still, Denver area inventory levels remain tight, 17 percent lower than June 2014. There continues to be about six weeks of inventory in the Denver Metro Area.

Demand for homes in the Denver Metro and surrounding area showed no sign of cooling as June home sales increased for the fifth consecutive month. During the

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REcolorado.com just released its May 2015 report on the Denver-area housing market. The report showed the continuation of a strong 2015 selling season.

Sustained increases in demand kept Denver home sales in positive territory in May, with the number of sold listings rising for the fourth consecutive month. The number of homes sold in May reached 4,953, a 12 percent month-over-month increase and a 13 percent decrease year over year. Year-to-date, the cumulative number of sold listings is consistent with levels seen at this time last year.

The price of a single family home in the Denver area saw an increase in May, driving sold price to another record high. After eclipsing $400,000 last month, the average sold price for a single family detached

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The April Market Report for the Denver Metro area shows a welcome increase in inventory as the busy, spring season brought more listings to the market. The number of active listings in April reached 6,149, an increase of 19 percent as compared to last month, but 15 percent lower than April 2014.

Motivated by record-level sales prices, sellers brought a considerable number of new listings to the market.

In April, 7,566 new listings came on the market, a 21 percent increase compared to last month and an eight percent increase over April 2014. Still, inventory levels remain low, growing only slightly to a six week supply.

According to the National Association of REALTORS®, the current supply of homes nationally stands at approximately four and a

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Denver’s real estate market is sending signals of a very active and competitive selling season to come. March brought 6,247 new listings to the market, a 38 percent increase as compared to last month, and three percent more than this time last year. However, new listings did little to ease the inventory crunch. In March, there were 5,166 active listings on the market, a two percent increase over last month and 24 percent less than March of 2014.

Eager home buyers quickly scooped up the active inventory and, in the process, sent home sales soaring. In March, 4,140 homes sold, a 46 percent month-over-month increase and one percent higher than compared to this time last year.

The continued demand for homes, coupled with low inventory levels brought an

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Motivated by increasing home values, sellers brought 4,537 new listings to the market in February, a 14 percent increase as compared to last month and a four percent year-over-year increase. The new inventory was quickly scooped up by buyers eager to make purchases, which kept sales strong. The number of properties that sold in February was up 13 percent as compared to last month. Additionally, the number of homes that went under contract was up 15 percent month over month and saw a seven percent year-over-year increase.

The decline in the number of available homes that began in July 2014 continued into the first quarter, keeping inventory at historically-low levels. At the close of February, 5,087 active listings were on the market, a one percent

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January’s statistics showed impressive increases in the number of new listings that came on the market, indicating sellers are looking to get a jump on the selling season and take advantage of what continues to be a prime seller’s market. January saw 3,964 new listings come on the market, a 62 percent increase over last month.
 
Indicative of the competitive housing market, sellers saw an extremely quick sales cycle. The average days on market remained at just 39 days, 17 days less than January 2014.  Buyers began scooping up the new inventory quickly, as 4,514 listings went under contract, a 28 percent increase over last month.

Residential housing inventory levels in the greater Denver area remained at historically-low levels, despite the increase in new

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Denver's strong real estate market continued into 2014, and Live Urban Real Estate continued to show its sales strength in Denver's city-close neighborhoods. Our urban-focus brokerage sold and closed 625 properties, which added up to a total sales volume of over $200,000,000. 

Records indicate Live Urban's brokers performed considerably better than average among its peers, selling homes listed by the brokerage for 99% of the original list price. The average sold price for all brokers in the area is 96.9%.

Live Urban brokers also sold homes faster than average, putting homes under contract in an average of 21 days. Other Denver area brokers took nearly twice as long, 41 days.

Our website continues at a record-breaking pace, with over-all traffic up

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The holiday season did not slow the pace of the housing market as consumers continued to snap up available properties in December, pushing prices up as supply levels declined for the third consecutive month.

According to the latest monthly report by REcolorado, the average sale price for a single family home was up three percent over last month and 11 percent as compared to last year, bringing home prices in the Denver area to a record high of $339,636.

Single family home sales totaled 3,983 units, an increase of four percent over last month and a two percent increase year over year. The market absorption rate—the rate at which the market absorbs the inventory of homes that are for sale—dipped to a six week supply, versus a seven and a half week

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According to Metrolist, Colorado’s largest MLS and the provider of REcolorado.com, limited supplies of housing inventory did not constrain Denver area residential home sales in November. Sales remained strong year over year and home prices increased once again.

In November, 6,566 active listings were on the market in the Denver metro and surrounding area, an 18 percent decrease as compared to last month, and a 27 percent year-over-year decrease. These numbers reflect inventory levels roughly half of what they were just three years ago.

“Tight inventories that have been seen in the Denver area housing market for some time now showed no signs of easing in November,” said Kirby Slunaker, president and CEO of Metrolist. “The slowing in monthly home sales

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