DMAR Real Estate Market Trends Reports

“...announcement of the National Association of Realtors settlement of the ongoing litigation... the Denver real estate market didn't skip a beat this month as we head into the spring selling season.”

• Read the complete report for March 2024.

“[Buyers] are also aware that they can negotiate on price and terms up-front, as well as negotiate at inspection…and negotiate is what they are doing.”

• Read the complete report for February 2024.

“As we kick off the new year, buyers appear to be wearing rose-colored glasses, ready to put themselves back in the real estate market as they finally have more choices”

• Read the complete report for January 2024.

“midst a slowdown in buyer activity, longer days on the market and more back-on-market listings, some sellers now require higher earnest money deposits.”

• Read the complete report for December 2023.

“The opportunity for buyers continues as we look at the close-price-to-list-price ratio—which can be a bit deceiving. This number continues to hold strong at 98.56 percent; however, we do not track concessions in this report.”

• Read the complete report for November 2023.

“Ultimately, sellers need to get the pandemic years out of their minds. That time frame was a perfect storm of low interest rates, unprecedented demand”

• Read the complete report for October 2023.

“that prices are still strong in the Denver Metro Area. Buyers aren't generally haggling on price; however, they are asking for concessions...”

• Read the complete report for September 2023.

“ inventory is slowly growing, inching us closer to a balanced market that gives buyers and sellers equal footing”

• Read the complete report for August 2023.

“Would-be buyers and sellers are weighing the "golden handcuff" dilemma. They love their historically low interest rates on their home, but no longer love their home”

• Read the complete report for July 2023.

“Why are fewer homeowners choosing to sell? The primary factor driving this trend is the disparity between sellers' existing mortgage rates and the prevailing market rates”

• Read the complete report for June 2023.

“Due to the lack of inventory, buyers are experiencing a bit of fatigue as they wait for either the perfect home or to uncover a good deal”

• Read the complete report for May 2023.

“New listings sell quickly and spend a median of seven days on the market compared to 10 days in March.”

• Read the complete report for April 2023.

“The median sales price was down 6.15 percent from $602,000 last March to $565,000, and median days in MLS increased from four days last year to 10 days”

• Read the complete report for March 2023.

“Buyers are watching rates closely and patiently waiting for new inventory to hit the market. They are more discerning about home prices, less willing to compete and will only jump into a bidding war if the house is move-in ready and suits their needs.”

• Read the complete report for February 2023.

“Buyers are back in the market with bidding wars being reported again, much to the delight of sellers.”

• Read the complete report for January 2023.

“This post-pandemic shift back to a more normalized market will take some time. There are many still wanting to buy a home who have not given up and are simply waiting on the sidelines for the market and rates to stabilize”

• Read the complete report for December 2022.

“Average days in the MLS increased 20 percent month-over-month to 36 days, which is exactly a 140 percent increase from this time last year.”

• Read the complete report for November 2022.

“This evolving marketplace allows buyers more options and the gift of time to decide on a home while negotiating terms that suit their needs.”

• Read the complete report for October 2022.

“All major statistical categories point towards the market slowing down.”

• Read the complete report for September 2022.

“Careful analysis of the market for pricing, longer showing windows (think 45 minutes to two hours), strategically marketed open houses, inspection negotiations, offers considered upon receipt (instead of all offers due by a certain deadline) and other pre-pandemic norms will instill more confidence in buyers and sellers and less stress for everyone”

• Read the complete report for August 2022.

“The data confirm that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced.”

• Read the complete report for July 2022.

“As month-end active inventory skyrockets, the Denver Metro hit a new record for the average price of attached properties at $504,193. The dichotomy of these stats reflects the first six months of this year (the record high prices) and where we are going (the dramatic increase in inventory)”

• Read the complete report for June 2022.

“ We ended May with a 0.24 percent decrease in median price. While this is negligible, it does indicate that things are starting to change.”

• Read the complete report for May 2022.

“While inventory is on the rise, so are prices. The average price of a single-family detached home in Denver Metro is $825,073, representing a 3.93 percent increase from last month. ”

• Read the complete report for April 2022.

“Offers being received by sellers are competitive and while bidding wars are still very much alive, the number of offers placed and the rate of escalation appear to be slowing”

• Read the complete report for March 2022.

“With historically low inventory, hyperactive demand and some outlining stories, the major question is what buyers and sellers can do to prepare in this unprecedented market?”

• Read the complete report for February 2022.

“Last year at this time, there was little inventory. This year, there’s nearly half as much at 48.88 percent less, which will likely translate to fewer homes being bought and sold over the course of the year”

• Read the complete report for January 2022.

“While demand was at an all-time high, the number of new listings that hit the market throughout the year was down 5.26 percent”

• Read the complete report for December 2021.

“At the beginning of the year, offers six figures over asking price were common. That need subsided by the end of June and has been less common ever since. ”

• Read the complete report for November 2021.

“While properties are still closing above asking at 101.82 percent of the list price, realities have caught up with expectations. Buyers can be grateful that the extreme bidding wars are less common.”

• Read the complete report for October 2021.

“September felt back to the normal red-hot speed in today’s housing market.”

• Read the complete report for September 2021.

“Buyers are more willing to be patient in order to find the right house for the “right” price. The report saw this reflected in the days in MLS, which increased from nine to 11 in August 2021.”

• Read the complete report for August 2021.

“While still in a robust seller's market, the July 2021 report indicates that as we head into fall, buyers will start to have more time to review properties and less competition on the number of offers overall.”

• Read the complete report for July 2021.

“For the first time in what feels like a long time, buyers have to compete with less competition, and therefore, the extreme bidding wars are drastically decreasing”

• Read the complete report for June 2021.

“Listings continue to slowly hit the market, while buyers continue to gobble up properties as soon as they do.”

• Read the complete report for May 2021.

“This April, the attached market saw a month-over-month appreciation of 7.30 percent, while the detached market saw an increase of 4.28 percent”

• Read the complete report for April 2021.

“how much competition there is for buyers as well as how far they are willing to take their offers to secure a home...Year-over-year appreciation is at 15.26 percent from $511,511 to $589,587 this March”

• Read the complete report for March 2021.

“underlying theme of this market is speed: speed at which buyers are purchasing relative to the number of sellers listing, and the speed at which active properties are going under contract while prices are accelerating. ”

• Read the complete report for February 2021.

“Single-family detached properties hit a record average price of $629,159...Single-family home sellers saw a 101.03 percent close-to-list-price in January and a drop to five days in the MLS”

• Read the complete report for January 2021.

“Denver ended the year with 39.17 percent less inventory than December 2019 with only 1,316 houses on the market.”

• Read the complete report for December 2020.

Previous Years: 2020, 2019, 2018, 2017