Denver Realtor

Every Home Deserves a KILTED Closing

  • Buy
    • Search for Homes
    • Mortgage Interest Rates and Mortgage Payment Calculator
    • Renting vs. Buying
    • Relocation
    • Rent-To-Own
    • My Listings
    • Resources for Buyers
  • Sell
    • Request Home Valuation
    • Resources for Sellers
    • Divorce and Selling Your House
  • Rent
  • Invest
    • Rental Rate Analysis
  • Communities
    • Denver Neighborhoods
    • Search Denver Homes
    • Search Arvada Homes
    • Search Aurora Homes
    • Search Broomfield Homes
    • Search Centennial Homes
    • Search Englewood Homes
    • Search Greenwood Village Homes
    • Search Highlands Ranch Homes
    • Search Lakewood Homes
    • Search Littleton Homes
    • Search Lone Tree Homes
    • Search Parker Homes
    • Search Westminster Homes
    • Search Wheat Ridge Homes
    • Salida Real Estate
  • Blog
    • Buying a Home
    • Selling a Home
    • Real Estate Market
    • Denver Housing Market
    • Financing a Home
    • Real Estate Investing
    • Renting
    • Homeownership
  • About
    • Kilted Closings (photos)
    • Why Choose Scott
    • Client Testimonials/Reviews
    • eXp Realty Colorado
  • Contact
    • Join eXp Realty
You are here: Home / National and Metro Denver Real Estate Housing Market / Denver Metro Real Estate Market – September 2019

Denver Metro Real Estate Market – September 2019

September 15, 2019

dmar report

DMAR Market Highlights:

  • Foreclosure reports are down by 18% from a year ago.
  • Denver was named the 5th highest market to watch for foreclosure starts, with an increase of 6%.
  • 50% of households in Denver can afford an existing entry-level home with a 5% down payment. Colorado has one of the lowest mortgage delinquency rates in the country at 1.03%.
  • Denver ranked 15th out of 100 large U.S. cities for work-life balance.
  • In the country’s 20 major markets, home prices rose 2.1% year-over-year, Denver is up 3.4%.
  • Inspections are a growing area of contention between buyers and sellers with some Title companies reporting up to 33% of contracts failing due to inspections. (This is an area where I can really help your transaction, call me.)

Source: Denver Metro Real Estate Market Trends Report, September 2019, by the Denver Metro Association of REALTORS®.

dmar_markettrendsreport_sep2019

Metro Denver Market Review by Megan Aller

Here are some of the finer points of the Detached residential housing market data from August 2019.

  • Inventory went down from July to August by -1.6% with a total of 5,793 homes for sale. Contracts accepted were also down MOM by -3.1% with 3,765 units placed under contract.
  • Days on market were up to 29 average days to contract, or 14 median days to contract. Both metrics continue to report at a similar pace as previous years in this cycle. (2013-2018)
  • Home prices usually peak annually in either May or June, this year the peak was in May and prices began to pull back starting in June and continuing in July and August.
  • Average sold price reported $524,089 which is a decline by -3.0% from the previous month, and up 2.2% YOY. Median sold price was also down -2.6 from July, but up 3.6% over the same month last year to $452,750.
  • Close to list price ratio steady in August at 99.2%. Original to Sold price ratio down from the last month to 97.6%. Both metrics are likely to decline through the end of the year giving buyers more negotiating power in the back half of 2019.
  • Flash sales, or units under contract in the first weekend, slowed in August. The number of units under contract in 7 days or less was 36.6%.
  • 41.2% of homes closed in August sold for at or over their asking price.
Detached_Metro_Denver_Market_Review_August_2019


And that concludes this month’s Denver Real estate market update

SHARE THIS:

  • Email
  • Print
  • Pocket
  • Facebook
  • Twitter
  • LinkedIn
  • More
  • Reddit
  • Tumblr
  • Pinterest
  • Telegram
  • WhatsApp
  • Skype

Related

Topic: National and Metro Denver Real Estate Housing Market Tagged With: Denver Real Estate Market

SUBSCRIBE: Receive a Weekly Digest of This Blog in Your Email Inbox

/ ( mm / dd )
(No SPAM. Just good content. Safe unsubscribe anytime.)

DENVER REAL ESTATE & HOUSING BLOG

scott rodgers realtor blogHi, I'm Scott Rodgers, a native of Denver and a professional Realtor serving the metro Denver metro area. In short, I help people buy and sell homes, and have built a bit of a reputation wearing a kilt to my clients' closings.

Follow this daily blog on the Denver housing market and real estate related topics for highly relevant information for home buyers and sellers.

And should you or someone you know be in the market to buy or sell a home, please reach out to me to discuss what you are looking to do. I adapt to all my clients' needs and strive to provide you with The Peak Results.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Find Your Next Home


Create Your Free Account
Get instant access to new inventory. Save searches and receive email alerts on new homes, price reductions, and status changes.
OR
Facebook
Google
Have an account?
Sign in

❖ Certified Luxury Home Marketing Specialist Designation Awarded 2023
❖ Million Dollar Guild Awarded 2023
Luxury Award 2023 - CHLMS Guild

Nextdoor.com Favorite Agent Cory-Merrill Denver

FIVE STAR PROFESSIONAL AGENT 2022 Scott Rodgers

Scott Rodgers 2021 Top Agent Award

Denver Real Estate Blog

  • You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] February 3, 2023
  • Experts Forecast a Turnaround in the Housing Market in 2023 February 2, 2023
  • Should You Rent Your House or Sell It? February 1, 2023
  • Lower Mortgage Rates Are Bringing Buyers Back to the Market January 31, 2023
  • Where Will You Go If You Sell? You Have Options. January 30, 2023
  • Homeownership Boosts Your Net Worth Through Equity [INFOGRAPHIC] January 27, 2023
  • REcolorado MLS Ranks Scott Rodgers 2022 Top-40 Agent by Residential Sales, Top-5 for Denver County. January 26, 2023
  • Moving Now May Be A Better Option Than This Spring January 26, 2023
  • Why You Shouldn’t Fear Today’s Foreclosure Headlines January 25, 2023
  • The 3 Factors That Affect Home Affordability January 24, 2023

Search Homes on Your Mobile

Visit www.ThePeak.com from your mobile phone and click the button below to search the MLS for homes with the best mobile user experience: fast, accurate, and easy to use.
Download App

Giving Back

Join my team on Kiva.org and help communities grow and prosper at the most foundational level: the individual, the family, the local business. It’s our way of spreading goodwill around the world. Participating is easy and involves small $25 loans.

  • Loans: 350+
  • Total Lent: $9,000+
  • Countries: 61+

Scott Rodgers

Real Estate Broker, REALTOR®, MRP
Bungalow Living Brokerage Inc
303-242-8831 (m)

Welcome to The Peak Home Source at ThePeak.com

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
the peak home source with scott rodgers - denver

Why Choose Scott Rodgers as your Realtor »     Write a Review / Recommend Scott »

18,700
Search homes in Denver, Centennial, Littleton, Lakewood, Englewood, Greenwood Village, Aurora, Lone Tree, Highlands Ranch, Parker, Wheat Ridge, Arvada, Westminster, Broomfield.
Copyright© 2016–2023 · The Peak Home Source with Scott Rodgers · Denver Realtor · MLS · Buy · Sell · Rent · Denver Real Estate Blog · Privacy · ToS

Marketing efforts are not intended to solicit properties listed under written agreement with licensed real estate brokers.
Website content is for informational purposes only. For professional advice or service, engage a licensed real estate broker, loan originator, attorney, or CPA under written contract.
Part of the real estate listing content on this website comes from the IDX program of REcolorado.

Go to mobile version