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Greater Metro Denver Updatewith Local Insights

June 2020

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June 2020 – Greater Metro Denver

Table of Contents

Overview• Highlight Reel• DisclaimerMarket Snapshot • DSF & ASF | DSF | ASFActive Listings• DSF & ASF | DSF | ASFMonth Supply of Inventory (MSI)• DSF & ASF | DSF | ASFDays on Market (DOM)• DSF & ASF | DSF | ASFActive & Sold by Price Range• DSF & ASF | DSF | ASF

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Data and reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.

Sold Units• DSF & ASF | DSF | ASFSold Units Year to Date• DSF & ASF | DSF | ASFAverage Sold Price • DSF | ASF% Sold to List • DSF | ASF


Highlight Reel

• Demand is still strong in June with pending up 12.7% month-over-month and 21.3% year-over-year – the highest pending level recorded in over a decade.

• With pending and sold listings having a strong month, inventory continues to be tight with active listings down 32.5% compared to June of last year. There are 2,678 fewer active listings on the market in June 2020 compared to this time last year.

• Average sold price also increased with detached single family (DSF) at $554,029 up 2.1% year-over-year and attached single family (ASF) at $368,357, up 0.5% year-over-year.

• Sold Listings bounced back in June, up 71.6% month-over-month:• Adams up 62.5%• Broomfield up 109.4%• Douglas up 48.0%• Jefferson up 77.7%

• Arapahoe up 73.0%• Denver up 85.7%• Elbert up 96.6%


Impact of COVID-19 on ShowingsShowings still strong in June!


Market Snapshot – DSF & ASF


Market Snapshot – DSF


Market Snapshot – ASF


Active Listings Analysis – DSF & ASF

Talking Points• 5,567 total homes on the market, a 32.5% decrease year-over-

year, 565 fewer active listings month-over-month

• Denver County had the smallest impact with active listings, down only 4.5% month-over-month

8,245

6,6646,3126,2425,567


Active Listings Analysis – DSF

Talking Points• 3,425 Detached single family (DSF) homes on the market, a 40.3%

decrease year-over-year

• Douglas County had the most active listings with 850 listings and saw the smallest month-over-month change, down only 9.9%


Active Listings Analysis – ASF

Talking Points• 2,142 Attached single family (ASF) homes on the market, a 14.5%

decrease year-over-year

• Adams County saw a huge impact month-over-month, down 22.9%, and year-over-year, down 38.7%

June 2020 – Greater Denver MetroMonths Supply of Inventory – DSF & ASF

Talking Points• Months supply of inventory (MSI) had a seasonally unusual decrease to

1.3 months, down 32.1% year-over-year

• Adams County has the lowest MSI at 0.9 months and Elbert County has the highest at 2.1 months

June 2020 – Greater Denver MetroMonths Supply of Inventory – DSF

Talking Points• Months supply of inventory (MSI) had a seasonally unusual decrease to

1.1 months, down 40.1% year-over-year

• Adams County had the lowest MSI at 0.9 months and Elbert County has the highest at 2.1 months

June 2020 – Greater Denver MetroMonths Supply of Inventory – ASF

Talking Points• Months supply of inventory (MSI) had a seasonally unusual

decrease to 1.7 months, down 13.5% year-over-year

• Jefferson County has the lowest MSI at 0.9 months and Elbert County has the highest at 3.0 months


Days in MLS – DSF & ASF

Talking Points• Average days in MLS (f.k.a days on market) was 25.5 days, a

year-over-year increase of 8.5%

• Elbert County had the fewest days in MLS at 20.5 while Douglas had the most at 33.5


Days in MLS– DSF

Talking Points• Average days in MLS (f.k.a. days on market) remained at

22.0 days, a 4.8% increase year-over-year

• Arapahoe county had the fewest days in MLS at 18

Talking Points• Average days in MLS (f.k.a. days on market) increased to

29.0 days, an 11.5% increase month-over-month and year-over-year

• Arapahoe County showed the only month-over-month decrease of 11.1%, while Douglas County showed a 56.0% increase


Days in MLS – ASF

June 2020 – Greater Metro DenverActive & Sold by Price Range – DSF & ASF


Active & Sold by Price Range – DSF


Active & Sold by Price Range – ASF

June 2020 – Greater Metro DenverMSI & DOM by Price Range – DSF & ASF


MSI & DOM by Price Range – DSF


MSI & DOM by Price Range – ASF


Sold Analysis – DSF & ASF

Talking Points• Sold units increased month-over-month by 71.6%, an

increase of 4.7% year-over-year

• Denver County had the most sold units this month with 1400, up 85.7% year-over-year

5,5895,381


Sold Analysis – DSF

Talking Points• Sold units increased month-over-month by 73.1%, up 5.1%

year-over-year

• Jefferson County had the most sold units this month with 835, up 75.1% year-over-year

4,0413,895


Sold Analysis – ASF

Talking Points• Sold units saw an increase month-over-month of 67.9%, up 3.5%

year-over-year

• Denver County saw a sizeable increase in sold units at 82.4% month-over-month

1,548


Average Sold Price - DSF

Talking Points• Average sold price saw an 2.1% increase year-over-year• Broomfield County surpassed Denver for highest average

sold price with $622,729, up 11.3% year-over-year• Homes sold for an average of $11,531 more than this

time last year


Average Sold Price - ASF

Talking Points• Average sold price for attached single family homes was

$368,357, a 0.5% increase year-over-year• Denver County still holds the title for highest average sold

price at $445,806• Homes sold for an average of $1,695 more than last month


Sold Units YTD – DSF & ASF

Talking Points• Year-to-date sold units are down 9.7% compared to

last year

• Broomfield County is off the most, down 16.9% year-over-year year-to-date


Sold Units YTD – DSF

Talking Points• Year-to-date sold unit are down 9.6%

• Broomfield County is off the most, down 19.2% year-over-year year-to-date


Sold Units YTD – ASF

Talking Points• Year-to-date sold units are down 9.9%

• Arapahoe County is off the most, down 12.6% year-over-year year-to-date


% Sold to List Price – DSF

Talking Points• Percent sold to list price averaged 99.9%, an

increase month-over-month of 0.4%

• The $300K - $499K price ranges are the ony that average sold prices over asking


% Sold to List Price – ASF

Talking Points• Percent sold to list price averaged 99.4%, an

increase month-over-month of 0.1%

• The $300K - $399K price range had the highest percent sold to list price average at 99.8%

June 2020 – Greater Denver Metro

Disclaimer & Terms

• Greater Metro Denver Area includes the following counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson

• Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.

• Only available to REColorado® members

• Information deemed reliable but not guaranteed.

• © 2020 Land Title Guarantee Company. All rights reserved.

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