Digging Deeper: December 2020 Records

By January 5, 2021
Denver Real Estate Stats December 2020

December 2020 was yet another record-breaking month for Denver Real Estate. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

ACTIVE LISTINGS

  • (Residential) 2,541 represents the lowest inventory on record. The previous low was December 2017 of 3,854.

  • (Detached) 1,316 represents the lowest inventory on record. The previous low was November 2020 of 1,755.

CLOSE PRICE — MEDIAN

  • (Residential) $460,000 represents the highest December on record. The previous record was in 2019 of $417,000.

  • (Detached) $507,000 represents the highest December on record. The previous record was in 2019 of $488,950.

  • (Attached) $332,000 represents the highest December on record. The previous record was in 2019 of $309,950.

CLOSE PRICE — AVERAGE

  • (Residential) $547,461 represents the highest December on record. The previous record was in 2019 of $483,208.

  • (Detached) $616,895 represents the highest December on record. The previous record was in 2019 of $527,003.

  • (Attached) $391,375 represents the highest amount on record. The previous record was in October 2020 of $391,259.

DAYS IN MLS — MEDIAN

  • (Residential) 7 days represents the lowest December on record. The previous low was in 2015 and 2016 of 14 days.

  • (Detached) 5 days represents a tie of the lowest number on record. We have seen 5 days 5 time before.

DAYS IN MLS — AVERAGE

  • (Residential) 23 days represents the lowest December on record. The previous low was in 2015 and 2016 of 32 days.

  • (Detached) 20 days represents the lowest December on record. The previous low was in 2015 of 34 days.

CLOSED

  • (Residential) 4,807 closed transactions represent the highest December on record. The previous high was in 2019 of 4,582.

  • (Detached) 3,327 closed transactions represent the highest December on record. The previous high was in 2015 of 3,267.

  • (Attached) 1,480 closed transactions represent the highest December on record. The previous high was in 2015 of 1,353.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.53 months represents the lowest number on record. The previous record low was in November 2020 of 0.71 months.

  • (Detached) 0.40 months represents the lowest amount on record. The previous record was in November 2020 of 0.52 months.

  • (Attached) 0.83 months represents the lowest amount on record. The previous record was in March & November 2016 of 0.95 months.

PENDING

  • (Residential) 3,625 pending transactions represent the highest December on record. The previous high was in 2018 of 3,577.

  • (Attached) 1,230 pending transactions represent the highest December on record. The previous high was in 2018 of 2,602.

 

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About the Author
karlye pokorney
Karlye Pokorney, Realtor + Broker Associate
Michigan native Karlye Pokorney settled down in Colorado after ten years in Chicago...the mountains (and our amazing city) called, and Karlye answered, finding Denver to provide the perfect balance of big city hustle + access to the hills for a breath of fresh air. Karlye's clients definitely benefit from her background in the apartment marketing industry - from her in-depth knowledge of local market value and return on investment to her strategic understanding of the importance of staging, photography and branding for every property, homebuyers, sellers + investors alike are all in capable hands! When Karlye isn't helping folks make smooth moves, you'll find her exploring new restaurants in her Union Station neighborhood with her husband (she's that foodie friend that everyone asks for recommendations), cooking + baking up a storm, or hosting everything from brunch to game nights for friends in her home. Looking for a new trail to explore, destination to book, or local art gallery to peruse? Ask Karlye, she'll be happy to share her faves!