DMAR s analysis points to another record to explain the phenomenon: Housing inventory is at the lowest level ever recorded by the organization. Active listings for detached properties in January stood at 1,263, down from 1,316 in December and 3,297 in January 2020. Those digits translate to a month-over-month decline of 4.03 percent and a year-over-year plunge of 61.69 percent.
The following graphic from the report, which covers the period from 2008 to January 2021, shows just how historic these current trends are. The yellow line corresponds to active listings, while the blue line pertains to sales that closed during the respective months.
The number of listed properties typically goes down in January, but that wasn t the case this year, when more sellers responded to the legions of house hunters in the market. Last month, DMAR counted 2,781 new listings, a 36.12 percent jump from the 2,043 in December. But the January 2021 total of available houses was still 14.46 percent lower t
2020 housing stats: Sales up 7 percent, median home price up 13 percent
BusinessDen file)
Denver metro’s real estate market ended the year with another record.
Housing inventory in December was historically low with 2,541 active listings on the market the first time the metro area has seen less than 3,000 listings, according to the Denver Metro Association of Realtors’ monthly market trend report.
Despite the pandemic and lack of inventory, homebuyers remained resilient with a record of more than 62,985 properties purchased throughout 2020, a nearly 7 percent increase from 2019. High appreciation and sales volume resulted in $33.1 billion in sales last year.
The median sale price of a single-family home was $507,000 in December, a nearly 13 percent increase year-over-year. The median price of a condo sold was $332,000, a 7 percent increase from 2019.