PowerPoint PresentationActive Listings Analysis – DSF. Talking Points • 3,885 Detached single family (DSF) homes on the market, a 26.4% . decrease. year-over-year • Douglas County

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Greater Metro Denver Updatewith Local Insights

May 2020

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May 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 made a big comeback in May with pending up 104.6% over Apr. Total pending transactions in May (7,025) are up 4.1% year-over-year, recording the highest pending level for May in over a decade.

• Overall, inventory is tighter with active listings down 19.6% compared to May of last year. Detached single family (DSF) are down 26.4% while attached single family (ASF) is only off 4.3% in active listings. 1,493 fewer active listings on the market in May 2020 compared to this time last year.

• Sold Listings showed a sharp decline in May, down 43.8% year-over-year:• Adams down 35.3%• Arapahoe down 45.8%• Denver down 49.3%• Douglas down 37.6%• Jefferson down 43.0%

• Average sold price posted a decline with detached single family (DSF) at $534,337 down 2.3% year-over-year and attached single family (ASF) at $366,714, down 2.5% year-over-year.


Impact of COVID-19 on ShowingsShowings strongly rebound in May!!


Market Snapshot – DSF & ASF


Market Snapshot – DSF


Market Snapshot – ASF


Active Listings Analysis – DSF & ASF

Talking Points• 6,132 total homes on the market, a 19.6% decrease year-over-

year, 185 more active listings month-over-month

• Broomfield County had the largest month-over-month increase in active listings, up 11.8%

7,625

5,5015,3235,044

6,132


Active Listings Analysis – DSF

Talking Points• 3,885 Detached single family (DSF) homes on the market, a 26.4%

decrease year-over-year

• Douglas County had the most active listings with 943, though down from last month and year


Active Listings Analysis – ASF

Talking Points• 2,247 Attached single family (ASF) homes on the market, an 4.3%

decrease year-over-year

• Denver County posted the largest year-over-year increase, up 10.2%

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

Talking Points• Months supply of inventory (MSI) increased to 1.8 months, a decrease

of 2.2% year-over-year• Jefferson County has the lowest MSI at 1.0 months and Elbert County

has the highest at 6.0 months

May 2020 – Greater Denver MetroMonths Supply of Inventory – DSF

Talking Points• Months supply of inventory (MSI) increased to 1.3 months, a decrease

of 25.3% year-over-year• Adams County had the lowest MSI at 1.0 months and Elbert County has

the highest at 2.7 months

May 2020 – Greater Denver MetroMonths Supply of Inventory – ASF

Talking Points• Months supply of inventory (MSI) increased to 1.8 months, a

decrease of 2.2% year-over-year• Jefferson County has the lowest MSI at 1.0 months and Elbert

County has the highest at 6.0 months


Days in MLS – DSF & ASF

Talking Points• Average days in MLS (f.k.a days on market) was 23.5 days, a

year-over-year decrease of 4.1%

• Adams County had the fewest days in MLS at 18.5 while Douglas had the most at 26.0


Days in MLS– DSF

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

21.0 days, a 10.5% increase month-over-month

• Adams, Arapahoe and Denver Counties tied for the fewest days in MLS at 19

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

26.0 days, a 13.0% increase month-over-month and a 3.7% decrease year-over-year

• Arapahoe County showed the biggest year-over-year increase in days in MLS at 28.6, while Douglas County showed a 45.7% decrease


Days in MLS – ASF

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


Active & Sold by Price Range – DSF


Active & Sold by Price Range – ASF

May 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 decreased month-over-month by 13.5% a

decrease of 43.8% year-over-year• Denver County had the most sold units this month with

739, down 49.3% year-over-year (one of the biggest decreases)


Sold Analysis – DSF

Talking Points• Sold units decreased month-over-month by 12.9%, down

42.7% year-over-year

• Jefferson County had the most sold units this month with 470, down 39.8% year-over-year


Sold Analysis – ASF

Talking Points• Sold units saw a decrease month-over-month of 14.8%, down 46.5%

year-over-year

• Douglas County had a surprising increase in sold units month-over-month of 9.2%


Average Sold Price - DSF

Talking Points• Average sold price saw an 2.2% decrease year-over-year• Denver County had the highest average sold price of

$619,913, down 2.4% year-over-year• Homes sold for an average of $12,166 less than this time

last year


Average Sold Price - ASF

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

$366,714, a 2.5% decrease year-over-year

• Homes sold for an average of $10,402 less than last month


Sold Units YTD – DSF & ASF

Talking Points• Year-to-date sold units are down, 13.91%

compared to last year


Sold Units YTD – DSF

Talking Points• Year-to-date sold units are down 13.99%


Sold Units YTD – ASF

Talking Points• Year-to-date sold units are down 13.71%


% Sold to List Price – DSF

Talking Points• % Sold to List Price 99.53%, a decrease month-over-

month of 0.60%


% Sold to List Price – ASF

Talking Points% Sold to List Price 99.28%, a decrease month-over-month of 0.39%

May 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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PowerPoint PresentationActive Listings Analysis – DSF. Talking Points • 3,885 Detached single family (DSF) homes on the market, a 26.4% . decrease. year-over-year • Douglas County