Metro Denver Real Estate Market Report

There are currently 55 blog entries related to this category.

it's a great time to buy in Denver real estate

Denver real estate buyers, take a sigh of relief. Denver may still be a strong seller’s market, but buyers have more choices and less competition than just a few months ago.

Over the past several months, the residential real estate market has been incrementally cooling, providing a bit more opportunity for buyers. So, dust off that house hunting fatigue and hop into the Denver real estate pool.

More homes for sale in Denver

Denver’s home inventory is continuing its steady climb as we head into August! Given our popular city’s inventory shortage, this is promising news for buyers in the area. With more houses to choose from, potential buyers may face a less competitive market this month and will certainly be able to explore more options. In

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Seasonal Shift or Sustained Market Slowdown?

The Denver Market Shows Signs of Slowing

July’s Denver real estate numbers show a continued balancing of the market - an incremental slow-down, if you will. Last month, we reported our prediction that this slowing market was the product of a seasonal shift. In other words, residential real estate busy season began early, so it was ending early too. “It makes sense, as we look at the numbers [...] We may be seeing a seasonal shift,” explained Megan Aller from Land Title Guarantee Company.


Market Report Stats from Doug Yetman

Multiple industry leaders agree with this assessment, but some believe this slow down is far more than seasonal. According to DMAR’s Steve Danyliw, “ [...] an extreme seller’s market may be behind us.” Those of the

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why didn't the average home price increase this month?

A seasonal shift may be coming to the Denver real estate market! DMAR’s June numbers (based on May data) look as though Denver’s summer slow down hit a bit early for 2018. But, with the market so hot one might mistake it for the blazing summer sun... why the early cloud cover?


Rebekah Robinson, Live Urban Real Estate Realtor, discusses the June numbers.

The Typical Summer Trend

Since Denver’s great recession recovery, the housing market’s peak appeared each spring (May/June), then entered the summer slowdown through July and August. Denver’s yearly spring real estate boom seems to arrive as temps warm and buyers begin hopping in their cars for a sunny day of house hunting.

Come midsummer, many buyers head out of the state for vacation,

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Last month signaled the start of Denver’s predictable spring busy season for real estate… and what a busy season it’s been! April saw decreased days on market and growing home prices. Spring through fall of 2018 is cueing up to be just as speedy as the past few years - buckle up for a brisk ride.

A change is coming to Denver Real Estate

With the market going strong, it may seem like it's status quo from here on out. However, one important factor promises to change Denver's strong seller's market. 

Learn more about Rina Avalos, Denver Realtor!

Denverites are staying put

Despite a healthy increase of inventory since last month, homes on the Denver market have decreased in quantity by almost 4% since this time last year. Given the lack of Denver homes for sale recently, this

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April Real Estate Market Report

Spring brings about a real estate buzz like no other Colorado season. With the temps climbing and the sun shining, the Denver real estate market has warmed up as well. In fact, the warming of the market started early this year, with February indicating a busy home market to come. 2018 could be shaping up to beat records… just like the years preceding it.

Active Inventory Driving Sellers’ Market

March saw an increase in active listings of 13% over February, but a slight decrease as compared to March of 2017. The month over month listing growth is typical of march, though the decrease since last year shows that inventory is tighter than ever.

Home Prices Continue to Climb

If you’ve been keeping up on the Denver real estate market for

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Change the face of Denver Real Estate

Last month, the average Denver single family home price exceeded half a million dollars. This local milestone represents years worth of equity climbs, low inventory, and the changing Mile High City as a whole.

According to Susan Adams, "For the first time ever, our average home prices exceeded $500,000. This isn't especially surprising given the record home prices, low inventory, and high demand that we've seen for the last few years."

metro denver March 2018 market report metro denver luxe March 2018 market report

Since 2014, Metro Denver has seen record high home prices and record low days on market... especially in the entry-level and more affordable home sectors. This steep climb into Denver’s current [intense] seller’s market is due largely to the area’s listing shortage. There are far too few homes on the

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Denver’s real estate market has remained a seller’s market for the last handful of years. There are far more buyers than there are sellers, leaving the power scales tipped in favor of those listing their homes for sale.

Denver's Listing Shortage

The start of 2018 saw no change in this dynamic… active listings hit a record low in January even though new listings increased since this time in 2017. Yup, that means that there were more buyers too! Regardless of the reason, Denver’s listing shortage continues to take hold of the residential real estate market.

Of course, home values continue to inflate, reaching an average of $449,429 this month. That’s almost a 12% increase since January of last year and scarce listings are at least partially to thank/blame.

What buyers

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Denver Real Estate Slow Down

The Apparent Slow Down, By The Numbers

The Denver real estate market expects to see continued winter slow down in December, especially with the holidays playing into non-real estate distractions. The number of sold homes are down and days on market are up - does this mean that Denver will see a real estate slow down? This month’s numbers certainly indicate the holiday season, with a slowing in sold homes (-13%), as compared to December of last year, that exceeds the decrease in active listings (-10%). 

...But The Numbers are Skewed

However, consider single family homes as vs. attached homes. Since October, we’ve noticed new-build luxury condo numbers skewing the rest of the market data. This was just as true in December.

Condo

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Denver Home Prices Continue to Rise

Last month’s data was business as usual for Denver’s low inventory, rising value real estate market. In November, the average single family home sold for $479,192. And while a yearly seasonal slow down is underway, year over year data shows the market continuing to thrive. Active inventory decreased as compared to this time last year and the average home price increased year over year. With high demand and low numbers of homes on the market, residential property values continue to bolster, even in this highly valued market! The short of it is that Denver home prices continue to rise steadily.

According to Joe Chang, Denver real estate agent, "Tight supply and sustained demand should drive prices higher into next year."  

One metric of

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Last Month's Paradox of Real Estate Trends

The Real Estate Paradox: Days on Market are Up, While Inventory is Down

Metro Denver’s residential real estate data for November is a bit all over the place. Active inventory has decreased by 6% since last year, yet homes are spending 15% more time on the market (equalling an extra 5 days on average). In fact, according to real estate agent Shelley Conger, "inventory set a new record low" despite the sizable increase in days on market. These two numbers seem at odds with each other… there’s less inventory (tipping the market scales even farther in favor of sellers), yet homes for sale are spending significantly longer on the market than this time last year! And, to make things even more confusing October saw 10% more Denver homes under contract

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