Metro Region Single Family and Townhouse-Condo December 2016 - Colorado Metro December 2016.pdf · Single Family Market Overview December 2016 Key metrics by report month and for

Content © 2016 Colorado Association of REALTORS®

Single Family and Townhouse-CondoDecember 2016

Metro Region

Total Market Overview Report December 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Metro Region

Key Metrics Historical Sparkbars 12-2015 12-2016 Percent Change YTD-2015 YTD-2016 Percent Change

Current as of January 4, 2017. Percent changes calculated using year-over-year comparisons. All data from the multiple listing services in the state of Colorado. Report © 2017 ShowingTime. | 1

Months Supply of Inventory 1.7 1.2 - 29.4% -- -- --

Inventory of Active Listings 8,304 5,890 - 29.1%

- 14.5%

-- --

100

--

0.0%

Housing Affordability Index 116 100 - 13.8% 117

0.0% 27 27

99.1% 0.0% 100.2%

Days on Market Until Sale 34 34

60,285

$394,801

$345,000

100.1%

Median Sales Price $311,300 $345,000 + 10.8% $310,000

Average Sales Price $368,334 $392,118 + 6.5% $360,562

Percent of List Price Received 99.1%

Sold Listings 4,935 4,680 - 5.2% 59,860 + 0.7%

+ 11.3%

+ 9.5%

- 0.1%

61,258 + 0.7%

70,001 - 0.7%

Pending / Under Contract 2,980 3,527 + 18.4% 60,829

70,463New Listings 2,525 2,771 + 9.7%11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

Single Family Market Overview December 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Metro Region




Inventory of Active Listings 6,695 4,670

+ 8.9% $343,000

- 30.2% --

29

+ 4.8% $400,369

99.9%

--

92

Days on Market Until Sale 36 37 + 2.8% 29


Percent of List Price Received 98.9% 98.9% 0.0% 100.0%

Average Sales Price $404,901 $424,482

Median Sales Price $342,000 $372,500

- 4.2% 43,077

Pending / Under Contract 2,184 2,610 + 19.5% 43,811

Sold Listings 3,542 3,393

New Listings 1,853 1,992 + 7.5% 51,646

+ 2.2%

+ 0.3%

44,758

51,814

44,053 + 2.3%

+ 9.3%

$433,732 + 8.3%

$375,000

- 0.1%

- 13.2%

--

0.0%

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

Townhouse-Condo Market Overview December 2016Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Metro Region




Inventory of Active Listings 1,609 1,220 - 24.2%

- 15.3%

-- --

144

--

0.0%- 7.1% 21 21


99.6% 0.0% 100.6%

Days on Market Until Sale 28 26

16,232

$289,137

$240,000

100.6%

Median Sales Price $223,000 $255,500 + 14.6% $212,500

Average Sales Price $275,379 $306,795 + 11.4% $258,409

Percent of List Price Received 99.6%

Sold Listings 1,393 1,287 - 7.6% 16,783 - 3.3%

+ 12.9%

+ 11.9%

0.0%

16,500 - 3.0%

18,187 - 3.3%

Pending / Under Contract 796 917 + 15.2% 17,018

New Listings 672 779 + 15.9% 18,81711-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

11-2015 3-2016 7-2016 11-2016

New Listings December 2016Metro Region

New ListingsSingleFamily

Percent Change from Previous

YearTownhouse-

Condo


Year

Jan-2016 2,993 +3.1% 1,128 -0.4%

Feb-2016 3,365 +1.0% 1,246 +6.2%

Mar-2016 4,522 +0.9% 1,596 -7.1%

Apr-2016 5,117 -7.9% 1,738 -11.5%

May-2016 5,434 -1.0% 1,798 -10.8%

Jun-2016 6,191 +11.0% 1,980 -1.5%

Jul-2016 5,522 -7.3% 1,873 -8.0%

Aug-2016 5,227 +3.3% 1,829 +0.9%

Sep-2016 4,752 +3.2% 1,672 +1.3%

Oct-2016 3,794 -10.0% 1,429 -9.6%

Nov-2016 2,905 +11.2% 1,119 +6.2%

Dec-2016 1,992 +7.5% 779 +15.9%

Historical New Listings by Month


1,836

663

1,853

672

1,992

779

Single Family Townhouse-Condo

December

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


48,716

16,926

51,646

18,817

51,814

18,187


Year to Date

+ 0.9% + 7.5%Dec-16Dec-15Dec-16Dec-15 Dec-15Dec-16Dec-15 Dec-16

+ 1.4% + 15.9% + 6.0% + 0.3% + 11.2% - 3.3%Dec-14 Dec-14 Dec-14Dec-14

+ 25.2%- 8.2%+ 7.5%+ 1.7%

Pending / Under Contract December 2016Metro Region

Pending / Under Contract

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 2,770 +2.0% 1,065 +4.8%

Feb-2016 3,240 +3.9% 1,195 +2.1%

Mar-2016 3,737 -6.2% 1,385 -10.1%

Apr-2016 4,151 -3.4% 1,445 -10.1%

May-2016 4,607 +2.4% 1,616 -6.8%

Jun-2016 4,356 +0.4% 1,614 -7.9%

Jul-2016 4,217 +0.4% 1,614 -2.2%

Aug-2016 4,349 +4.2% 1,631 -0.4%

Sep-2016 3,787 +3.9% 1,412 -3.9%

Oct-2016 3,831 +4.9% 1,404 -4.4%

Nov-2016 3,103 +3.1% 1,202 +2.3%

Dec-2016 2,610 +19.5% 917 +15.2%

Historical Pending / Under Contract by Month


1,979

770

2,184

796

2,610

917


December

0

1,000

2,000

3,000

4,000

5,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


41,487

15,356

43,811

17,018

44,758

16,500


Year to Date

+ 10.4% + 19.5%Dec-16Dec-15Dec-16Dec-15 Dec-15Dec-16Dec-15 Dec-16

+ 3.4% + 15.2% + 5.6% + 2.2% + 10.8% - 3.0%Dec-14 Dec-14 Dec-14Dec-14

+ 33.4%- 5.8%+ 19.2%- 1.2%

Sold Listings December 2016Metro Region

Sold ListingsSingleFamily


YearTownhouse-

Condo


Year

Jan-2016 2,361 +18.1% 871 +11.4%

Feb-2016 2,474 +5.6% 994 +7.8%

Mar-2016 3,383 +2.1% 1,250 -3.9%

Apr-2016 3,607 -2.1% 1,343 -3.2%

May-2016 4,129 +1.3% 1,511 +0.1%

Jun-2016 4,549 -4.1% 1,525 -14.1%

Jul-2016 4,196 -8.7% 1,549 -15.9%

Aug-2016 4,413 +6.0% 1,627 -1.5%

Sep-2016 4,089 +2.4% 1,561 -3.3%

Oct-2016 3,824 +1.9% 1,412 -3.6%

Nov-2016 3,635 +26.7% 1,302 +14.2%

Dec-2016 3,393 -4.2% 1,287 -7.6%

Historical Sold Listings by Month


3,136

1,194

3,542

1,393

3,393

1,287


December

0

1,000

2,000

3,000

4,000

5,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


41,749

15,166

43,077

16,783

44,053

16,232


Year to Date

Dec-16Dec-15Dec-16Dec-15 Dec-16Dec-15Dec-14 Dec-14 Dec-14Dec-14

+ 12.9% - 4.2% + 16.7% - 7.6% + 3.2% + 2.3% + 10.7% - 3.3%+ 32.4%- 5.9%+ 45.1%+ 1.6%Dec-15 Dec-16

Median Sales Price December 2016Metro Region

Median Sales Price

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 $343,500 +10.1% $216,000 +15.7%

Feb-2016 $355,000 +9.2% $226,500 +19.2%

Mar-2016 $369,500 +8.7% $234,011 +12.0%

Apr-2016 $375,000 +8.7% $239,900 +17.0%

May-2016 $389,000 +9.6% $245,000 +13.5%

Jun-2016 $390,000 +8.9% $247,500 +13.5%

Jul-2016 $384,900 +10.8% $241,000 +12.1%

Aug-2016 $375,000 +8.7% $243,500 +13.3%

Sep-2016 $375,000 +11.3% $242,000 +14.4%

Oct-2016 $370,304 +7.3% $242,000 +13.6%

Nov-2016 $369,000 +9.2% $248,225 +12.3%

Dec-2016 $372,500 +8.9% $255,500 +14.6%

Historical Median Sales Price by Month


$315,000

$186,000

$342,000

$223,000

$372,500

$255,500


December

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


$304,951

$181,000

$343,000

$212,500

$375,000

$240,000


Year to Date

Dec-16Dec-15Dec-16Dec-15 Dec-16Dec-15Dec-14 Dec-14Dec-14

+ 8.6% + 8.9% + 19.9% + 14.6% + 12.5% + 9.3%+ 10.9%+ 17.0%+ 15.6%Dec-14

+ 17.4% + 12.9%+ 13.1%Dec-15 Dec-16

Average Sales Price December 2016Metro Region

Average Sales Price

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 $403,604 +10.9% $270,869 +16.6%

Feb-2016 $405,616 +6.5% $281,429 +13.9%

Mar-2016 $422,428 +7.4% $285,375 +11.7%

Apr-2016 $432,368 +7.7% $283,169 +11.0%

May-2016 $443,863 +7.1% $297,366 +13.4%

Jun-2016 $458,247 +10.5% $291,793 +12.2%

Jul-2016 $450,498 +10.6% $282,710 +10.1%

Aug-2016 $439,146 +9.0% $289,434 +13.4%

Sep-2016 $430,887 +10.1% $286,985 +13.6%

Oct-2016 $428,874 +7.4% $289,702 +10.8%

Nov-2016 $433,160 +8.9% $296,119 +7.5%

Dec-2016 $424,482 +4.8% $306,795 +11.4%

Historical Average Sales Price by Month


$375,451

$237,340

$404,901

$275,379

$424,482

$306,795


December

$100,000

$200,000

$300,000

$400,000

$500,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


$360,198

$225,153

$400,369

$258,409

$433,732

$289,137


Year to Date

+ 7.8% + 4.8%Dec-16Dec-15Dec-16Dec-15 Dec-16Dec-15

+ 16.0% + 11.4% + 11.2% + 8.3%Dec-14 Dec-14Dec-14

+ 8.3%+ 16.8%+ 12.8%Dec-14

+ 14.8% + 11.9%+ 13.6%Dec-15 Dec-16

Percent of List Price Received December 2016Metro Region

Pct. of List Price Received

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 98.9% -0.1% 99.2% 0.0%

Feb-2016 99.4% -0.2% 100.2% +0.3%

Mar-2016 100.0% -0.2% 101.1% +0.5%

Apr-2016 100.6% -0.2% 101.3% 0.0%

May-2016 100.9% +0.1% 101.6% +0.1%

Jun-2016 100.8% -0.1% 101.5% +0.1%

Jul-2016 100.4% -0.2% 101.2% 0.0%

Aug-2016 99.8% -0.4% 100.7% -0.1%

Sep-2016 99.5% -0.1% 100.2% +0.1%

Oct-2016 99.3% +0.1% 99.8% -0.1%

Nov-2016 99.0% -0.1% 99.7% +0.1%

Dec-2016 98.9% 0.0% 99.6% 0.0%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from January 2016 through December 2016. This is not the average of the individual figures above.


95.0%

96.0%

97.0%

98.0%

99.0%

100.0%

101.0%

102.0%

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


98.9% 99.1%98.9% 99.6%98.9% 99.6%


December

99.2% 99.2%100.0% 100.6%99.9% 100.6%


Year to Date

0.0%+ 0.5%+ 1.0%+ 0.5% 0.0%0.0% - 0.1%+ 0.8%+ 0.1%Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14

+ 1.4% 0.0%+ 0.5%Dec-15 Dec-16

Days on Market Until Sale December 2016Average

b fMetro Region

Days on Market Until Sale

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 42 0.0% 29 -9.4%

Feb-2016 41 0.0% 27 -18.2%

Mar-2016 34 -2.9% 24 -7.7%

Apr-2016 29 0.0% 19 +18.8%

May-2016 27 +12.5% 17 +13.3%

Jun-2016 22 -4.3% 17 +21.4%

Jul-2016 21 0.0% 16 0.0%

Aug-2016 25 +8.7% 18 0.0%

Sep-2016 27 +3.8% 21 0.0%

Oct-2016 29 0.0% 22 -8.3%

Nov-2016 33 0.0% 24 0.0%

Dec-2016 37 +2.8% 26 -7.1%

Historical Days on Market Until Sale by Month* Days on Market for all properties from January 2016 through December 2016. This is not the average of the individual figures above.


42

3436

28

37

26


December

0

20

40

60

80

100

120

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


37

3029

21

29

21


Year to Date

- 14.3% + 2.8%Dec-16Dec-15Dec-16Dec-15 Dec-16Dec-15

- 17.6% - 7.1% - 21.6% 0.0%Dec-14 Dec-14Dec-14

- 19.6%- 37.0%- 22.2%Dec-14

- 30.0% 0.0%- 34.8%Dec-15 Dec-16

Housing Affordability Index December 2016Metro Region

Housing Affordability Index

SingleFamily


YearTownhouse-

Condo


Year

Jan-2016 103 -12.7% 165 -16.7%

Feb-2016 103 -9.6% 162 -16.5%

Mar-2016 99 -7.5% 156 -10.3%

Apr-2016 98 -8.4% 153 -15.0%

May-2016 94 -9.6% 150 -12.3%

Jun-2016 95 -5.9% 150 -9.6%

Jul-2016 97 -5.8% 154 -7.2%

Aug-2016 99 -4.8% 153 -8.4%

Sep-2016 99 -8.3% 153 -11.0%

Oct-2016 102 -2.9% 155 -9.4%

Nov-2016 97 -9.3% 144 -11.7%

Dec-2016 93 -12.3% 135 -16.7%

Historical Housing Affordability Index by Month


111

188

106

162

93

135


December

115

193

106

170

92

144


Year to Date

50

100

150

200

250

300

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


- 4.5% - 12.3%Dec-16Dec-15Dec-16Dec-15

- 13.8% - 16.7%Dec-14 Dec-14

- 7.8% - 13.2%Dec-16Dec-15Dec-14

- 6.5%- 11.3%- 10.5%Dec-14

- 11.9% - 15.3%- 8.5%Dec-15 Dec-16

Inventory of Active Listings December 2016Metro Region

Active ListingsSingleFamily


YearTownhouse-

Condo


Year

Jan-2016 5,881 -2.8% 1,419 -4.1%

Feb-2016 5,509 -4.9% 1,354 -2.6%

Mar-2016 5,819 +0.7% 1,471 +0.1%

Apr-2016 6,323 -2.7% 1,675 -1.4%

May-2016 6,700 -4.5% 1,736 -7.5%

Jun-2016 7,988 +2.5% 1,976 -1.8%

Jul-2016 8,655 -3.5% 2,084 -7.6%

Aug-2016 8,772 -4.7% 2,097 -7.5%

Sep-2016 8,887 -5.1% 2,149 -5.5%

Oct-2016 7,820 -13.8% 1,950 -10.8%

Nov-2016 6,569 -16.7% 1,624 -14.3%

Dec-2016 4,670 -30.2% 1,220 -24.2%

Historical Inventory of Active Listings by Month


6,921

1,640

6,695

1,609

4,670

1,220


December

0

5,000

10,000

15,000

20,000

25,000

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


Dec-16Dec-15Dec-14- 30.2%- 3.3%- 33.1% - 24.2%- 1.9%- 32.3%

Dec-16Dec-15Dec-14

Months Supply of Inventory December 2016Metro Region

Months SupplySingleFamily


YearTownhouse-

Condo


Year

Jan-2016 1.6 -5.9% 1.0 -16.7%

Feb-2016 1.5 -11.8% 1.0 -9.1%

Mar-2016 1.6 -5.9% 1.0 -9.1%

Apr-2016 1.7 -10.5% 1.2 -7.7%

May-2016 1.8 -10.0% 1.2 -14.3%

Jun-2016 2.2 0.0% 1.4 -6.7%

Jul-2016 2.4 -4.0% 1.5 -11.8%

Aug-2016 2.4 -7.7% 1.5 -11.8%

Sep-2016 2.5 -3.8% 1.6 0.0%

Oct-2016 2.2 -12.0% 1.4 -12.5%

Nov-2016 1.8 -18.2% 1.2 -14.3%

Dec-2016 1.3 -31.6% 0.9 -25.0%

Historical Months Supply of Inventory by Month


2.0

1.3

1.9

1.21.3

0.9


December

0.0

2.0

4.0

6.0

8.0

10.0

1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016


Dec-16Dec-15Dec-14- 31.6%- 5.0%- 28.6% - 25.0%- 7.7%- 48.0%

Dec-16Dec-15Dec-14

Glossary of Terms December 2016A research tool provided by the Colorado Association of REALTORS® Metro Region

New ListingsA measure of how much new supply is coming onto the market from sellers.

Pending/Under ContractA count of all the listings that went into Pending / Under Contract during the reported period. Pending / Under Contract listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending / Under Contract, out of Pending / Under Contract, then back into Pending / Under Contract all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a “leading indicator” of buyer demand.

Sold ListingsA measure of home sales that were closed to completion during the report period.

Median Sales PriceA measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

Average Sales PriceA sum of all home sales prices divided by total number of sales.

Percent of List Price ReceivedA mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

Days on Market Until SaleA measure of how long it takes homes to sell, on average.

Housing Affordability IndexA measure of how affordable a region’s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county.

Inventory of Active ListingsA measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

Months Supply of InventoryA measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer’s market has a higher number, reflecting fewer buyers relative to homes for sale. A seller’s market has a lower number, reflecting more buyers relative to homes for sale.


Metro Region Single Family and Townhouse-Condo December 2016 - Colorado Metro December 2016.pdf · Single Family Market Overview December 2016 Key metrics by report month and for

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