2018 DMAR Real Estate Market Trends Reports

“With sales down and inventory up, it might not make a lot of sense for home prices to be up, but they continued to rise.”

• Read the complete report for December 2018.

“single-family homes priced under $1 million had three months or less of inventory, showing sellers still had control in the bulk of the market”

• Read the complete report for November 2018.

“Yes, it seems houses are taking a little longer to sell with an average of 29 days on market for single-family homes compared to the super-fast 19 days in June.”

• Read the complete report for November 2018.

“In September, housing inventory continued to move higher, even though it typically decreases this time of year, and home prices dropped nearly 5 percent since its record-peak highs this past May and June.”

• Read the complete report for October 2018.

“In the single-family home market, the average sold price decreased 0.38 percent month over month to $525,346, while the median price decreased 1.11 percent to $445,000.”

• Read the complete report for September 2018.

“ Over the last few weeks, many local agents have expressed concerns that overall buyer activity has slowed considerably. Is this normal seasonality, or a sign of a real cooling trend?”

• Read the complete report for August 2018.

“Months of inventory increased to 1.43 months for single-family homes compared to 1.28 months last month,”

• Read the complete report for July 2018.

“Homebuyer demand remained strong with the average days on market at 18, which ties a record low for any month. Additionally, once again, the average single-family home price in metro-Denver continues to set new records, reaching $540,624”

• Read the complete report for June 2018.

“The average and median single-family home prices in metro-Denver both continue to set new record highs, reaching $543,058 and $455,000 respectively.”

• Read the complete report for May 2018.

“The anticipated cooling effect of unaffordability has yet to materialize in the figures.”

• Read the complete report for April 2018.

“The year-to-date average sold price hit $496,764 for the single-family home market, up 10.85 percent from last year, with the median sold price at $425,000 and up 10.10 percent year over year.”

• Read the complete report for March 2018.

“Home prices continue upward trajectory and housing inventory hits new low for any January on record, setting the stage for another active year in the Denver-area.”

• Read the complete report for February 2018.

“while demand was strong, inventory remained tight. Active listings were at 3,854 total units at the close of December, establishing a new all-time low for any month.”

• Read the complete report for January 2018.