durango area association of realtors · new listings pending sales sold listings median sales price...

April 2020 Activity SnapshotPercent changes calculated using year-over-year comparisons.

One-Year Change in One-Year Change in

Sold ListingsAll Properties

Median Sales PriceAll Properties

23456789

1011121314151617

Current as of May 5, 2020. Data © 2020 Colorado Real Estate Network. Report © 2020 ShowingTime.

Townhouse/Condo Market Overview

Percent of List Price ReceivedDays on Market Until SaleCumulative Days on Market Until SaleHousing Affordability Index

Months Supply of Inventory

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales Price

Sold Listings and Inventory by Price RangeTotal Market Overview

Glossary of Terms

Monthly Indicators

- 15.8% + 4.9% - 3.1%One-Year Change in

New Listings were down 57.1 percent for single family homes and 55.8 percent for townhouse-condo properties. Pending Sales decreased 42.0 percent for single family homes and 69.2 percent for townhouse-condo properties.

The Median Sales Price was down 0.4 percent to $475,000 for single family homes but increased 3.7 percent to $335,000 for townhouse-condo properties. Days on Market increased 37.8 percent for single family homes but decreased 8.9 percent for townhouse-condo properties.

While the effect of COVID-19 continues to vary widely across the country, it is expected that social distancing, higher unemployment, and lower overall economic activity is likely to continue to constrain real estate activity in the near term. At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges.

Active ListingsAll Properties

Residential real estate activity in La Plata and San Juan counties composed of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

Single Family Market Overview

Inventory of Active Listings

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

Key Metrics Historical Sparkbars 4-2019 4-2020 Percent Change YTD 2019 YTD 2020 Percent Change

- 10.1%338

219 + 20.3%

$475,000 + 8.0%

+ 10.0%

Pending Sales 88 51 - 42.0% - 0.4%241 240

New Listings 163 70 - 57.1% 376

Sold Listings 54 59 + 9.3% 182

Median Sales Price $477,000 $475,000 - 0.4% $440,000

97.3% + 0.1%

$536,107

160 + 12.7%

194 + 20.5%

0.0%

Pct. of List Price Received 96.9% 97.4% + 0.5% 97.2%

Avg. Sales Price $527,091 $512,604 - 2.7% $487,526

Days on Market 135 186 + 37.8% 142

Cumulative Days on Market 172 230 + 33.7% 161

-- --

72Affordability Index 67 75 + 11.9% 72

Current as of May 5, 2020. Data © 2020 Colorado Real Estate Network. Report © 2020 ShowingTime. | 2

Active Listings 409 371 - 9.3% --

-- --Months Supply 6.1 5.2 - 14.8% --

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

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



Months Supply 4.7 6.1 + 29.8% -- -- --

Active Listings 140 162 + 15.7% --

Affordability Index 96 110 + 14.6% 110

185 + 19.4%

- 1.8%

-- --

108


Days on Market 168 153 - 8.9% 141

Avg. Sales Price $364,322 $350,649 - 3.8% $318,214

Pct. of List Price Received 98.0% 97.3% - 0.7% 97.5%

$335,000 + 12.0%

+ 12.2%

97.1% - 0.4%

$357,057

148 + 5.0%

Sold Listings 41 21 - 48.8% 109 77 - 29.4%

Median Sales Price $322,900 $335,000 + 3.7% $299,000

- 20.7%

Pending Sales 26 8 - 69.2% 115 71 - 38.3%

New Listings 43 19 - 55.8% 150 119

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

New Listings

New ListingsSingleFamily

Percent Change from Previous

YearTownhouse/

Condo


Year

May-2019 207 +10.7% 71 +36.5%

Jun-2019 163 +5.8% 59 +37.2%

Jul-2019 165 +17.0% 60 +39.5%

Aug-2019 122 -8.3% 38 -7.3%

Sep-2019 138 +48.4% 26 -7.1%

Oct-2019 98 +11.4% 30 0.0%

Nov-2019 64 +6.7% 23 -23.3%

Dec-2019 37 -9.8% 38 +46.2%

Jan-2020 74 +19.4% 38 +15.2%

Feb-2020 78 +23.8% 27 -25.0%

Mar-2020 116 +31.8% 35 -7.9%

Apr-2020 70 -57.1% 19 -55.8%

Historical New Listings by Month


155

36

163

43

70

19

Single Family Townhouse/Condo

April

0

50

100

150

200

250

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


428

155

376

150

338

119


Year to Date

- 55.8%+ 19.4%- 57.1%+ 5.2% - 3.2%- 10.1%- 12.1% - 20.7%+ 4.7% + 0.5% + 0.6%- 7.7%

Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Pending Sales

Pending SalesSingleFamily


YearTownhouse/

Condo


Year

May-2019 78 -22.0% 39 +39.3%

Jun-2019 78 +4.0% 43 +53.6%

Jul-2019 93 +17.7% 30 -40.0%

Aug-2019 100 +47.1% 40 +48.1%

Sep-2019 74 +1.4% 19 -32.1%

Oct-2019 60 +7.1% 29 -14.7%

Nov-2019 62 0.0% 12 -25.0%

Dec-2019 51 +21.4% 16 -20.0%

Jan-2020 61 +29.8% 25 -10.7%

Feb-2020 53 +1.9% 18 -33.3%

Mar-2020 75 +38.9% 20 -41.2%

Apr-2020 51 -42.0% 8 -69.2%

Historical Pending Sales by Month


90

32

88

26

51

8


April

0

20

40

60

80

100

120

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


264

115

241

115

240

71


Year to Date

- 69.2%- 18.8%- 42.0%- 2.2% 0.0%- 0.4%- 8.7% - 38.3%+ 4.7% + 0.4% + 18.6%+ 10.3%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Sold Listings

Sold ListingsSingleFamily


YearTownhouse/

Condo


Year

May-2019 80 -8.0% 28 -22.2%

Jun-2019 75 -13.8% 29 +16.0%

Jul-2019 83 0.0% 54 +45.9%

Aug-2019 93 +4.5% 30 -28.6%

Sep-2019 96 +37.1% 41 +57.7%

Oct-2019 84 +12.0% 14 -54.8%

Nov-2019 60 -10.4% 25 -26.5%

Dec-2019 71 +20.3% 20 +5.3%

Jan-2020 41 -2.4% 17 -22.7%

Feb-2020 50 +31.6% 17 -15.0%

Mar-2020 69 +43.8% 22 -15.4%

Apr-2020 59 +9.3% 21 -48.8%

Historical Sold Listings by Month


58

30

54

41

59

21


April

0

20

40

60

80

100

120

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


198

94

182

109

219

77


Year to Date

Apr-18 Apr-19 Apr-20 Apr-18 Apr-19 Apr-20 Apr-18 Apr-19 Apr-20 Apr-18 Apr-19 Apr-20

- 48.8%+ 36.7%+ 9.3%- 6.9% + 16.0%+ 20.3%- 8.1% - 29.4%- 6.5% - 7.9% + 5.6%- 9.1%

Median Sales Price

Median Sales Price

SingleFamily


YearTownhouse/

Condo


Year

May-2019 $455,000 +11.0% $314,950 -3.1%

Jun-2019 $393,000 -7.5% $329,000 -1.8%

Jul-2019 $432,720 +1.8% $289,500 -0.9%

Aug-2019 $450,000 +5.9% $239,500 -26.0%

Sep-2019 $434,750 +7.7% $265,000 -18.7%

Oct-2019 $413,500 -11.1% $440,000 +81.8%

Nov-2019 $420,000 -7.7% $255,000 -27.0%

Dec-2019 $415,000 -3.5% $298,500 +57.1%

Jan-2020 $475,000 +7.5% $370,000 +32.1%

Feb-2020 $528,500 +40.9% $179,500 -39.5%

Mar-2020 $462,000 +1.0% $338,688 +21.4%

Apr-2020 $475,000 -0.4% $335,000 +3.7%

Historical Median Sales Price by Month


$450,000

$232,250

$477,000

$322,900

$475,000

$335,000


April

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


$429,950

$260,000

$440,000

$299,000

$475,000

$335,000


Year to Date

+ 3.7%+ 39.0%- 0.4%+ 6.0% + 15.0%+ 8.0%+ 2.3% + 12.0%+ 9.4% + 11.7% - 8.8%+ 1.0%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Average Sales Price

Avg. Sales PriceSingleFamily


YearTownhouse/

Condo


Year

May-2019 $521,714 +12.1% $350,350 +4.4%

Jun-2019 $445,298 -6.9% $350,155 +3.9%

Jul-2019 $544,951 +20.0% $304,211 -2.3%

Aug-2019 $490,645 +5.5% $317,743 -1.7%

Sep-2019 $514,892 -2.6% $333,290 -3.3%

Oct-2019 $463,610 -9.3% $465,321 +66.5%

Nov-2019 $498,859 -13.7% $329,887 -11.6%

Dec-2019 $507,824 +0.2% $312,543 +34.1%

Jan-2020 $526,373 +10.0% $388,929 +45.9%

Feb-2020 $614,639 +59.0% $332,500 +14.6%

Mar-2020 $505,080 -4.5% $357,520 +15.0%

Apr-2020 $512,604 -2.7% $350,649 -3.8%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from May 2019 through April 2020. This is not the average of the individual figures above.


$547,066

$277,403

$527,091

$364,322

$512,604

$350,649


April

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


$512,639

$275,252

$487,526

$318,214

$536,107

$357,057


Year to Date

- 3.8%+ 31.3%- 2.7%- 3.7% + 15.6%+ 10.0%- 4.9% + 12.2%+ 15.6% + 15.9% - 12.9%- 6.6%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Percent of List Price Received

Pct. of List Price Received

SingleFamily


YearTownhouse/

Condo


Year

May-2019 98.2% +0.8% 98.1% +0.3%

Jun-2019 97.7% -0.4% 97.8% +0.1%

Jul-2019 97.4% -0.4% 98.0% 0.0%

Aug-2019 97.8% +1.2% 97.5% 0.0%

Sep-2019 97.1% +0.8% 97.1% +0.7%

Oct-2019 97.7% +0.6% 95.9% -1.2%

Nov-2019 97.0% +0.7% 96.4% -1.6%

Dec-2019 96.1% -0.6% 97.6% +1.3%

Jan-2020 97.4% -0.1% 97.1% +0.1%

Feb-2020 96.7% -0.9% 96.8% -0.5%

Mar-2020 97.7% +0.6% 97.2% -0.1%

Apr-2020 97.4% +0.5% 97.3% -0.7%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from May 2019 through April 2020. This is not the average of the individual figures above.


96.4% 98.1%96.9% 98.0%97.4% 97.3%


April

88.0%

90.0%

92.0%

94.0%

96.0%

98.0%

100.0%

102.0%

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


97.1% 97.3%97.2% 97.5%97.3% 97.1%


Year to Date

- 0.7%- 0.1%+ 0.5%+ 0.5% + 0.2%+ 0.1%+ 0.1% - 0.4%- 0.8% - 0.7% - 0.6%- 0.3%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Days on Market Until Sale

Days on MarketSingleFamily


YearTownhouse/

Condo


Year

May-2019 132 +10.0% 105 -30.0%

Jun-2019 105 +5.0% 126 -8.0%

Jul-2019 115 0.0% 107 -2.7%

Aug-2019 120 -4.0% 85 -19.0%

Sep-2019 136 +5.4% 123 +2.5%

Oct-2019 113 -13.1% 182 +46.8%

Nov-2019 140 -12.5% 137 +0.7%

Dec-2019 155 +3.3% 125 +34.4%

Jan-2020 145 +7.4% 154 +13.2%

Feb-2020 145 +0.7% 167 +28.5%

Mar-2020 157 +0.6% 122 +9.9%

Apr-2020 186 +37.8% 153 -8.9%

Historical Days on Market Until Sale by Month* Days on Market for all properties from May 2019 through April 2020. This is not the average of the individual figures above.


140152

135

168

186

153


April

142129

142 141

160148


Year to Date

0

100

200

300

400

500

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


- 8.9%+ 10.5%+ 37.8%- 3.6% + 9.3%+ 12.7%+ 0.2% + 5.0%+ 10.2% - 0.7% + 14.2%+ 63.4%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Cumulative Days on Market Until Sale

Cumulative Days on Market Until Sale

SingleFamily


YearTownhouse/

Condo


Year

May-2019 138 -7.4% 125 -20.9%

Jun-2019 131 +18.0% 130 -9.1%

Jul-2019 124 -3.9% 124 +5.1%

Aug-2019 131 -12.7% 97 -9.3%

Sep-2019 141 -6.6% 162 +23.7%

Oct-2019 140 +0.7% 192 +54.8%

Nov-2019 170 -19.8% 185 +28.5%

Dec-2019 175 +2.3% 125 +34.4%

Jan-2020 163 +4.5% 195 +33.6%

Feb-2020 182 +21.3% 208 +60.0%

Mar-2020 191 +16.5% 144 +21.0%

Apr-2020 230 +33.7% 201 +3.1%

Historical Cumulative Days on Market Until Sale by Month


152

173172

195

230

201


April

0

100

200

300

400

500

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


171

147161 155

194185


Year to Date

+ 3.1%+ 12.7%+ 33.7%+ 12.6% + 5.4%+ 20.5%- 5.4% + 19.4%+ 1.0% - 1.7% + 17.6%+ 74.7%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18

Housing Affordability Index


SingleFamily


YearTownhouse/

Condo


Year

May-2019 67 -8.2% 100 -1.0%

Jun-2019 79 +11.3% 100 -1.0%

Jul-2019 66 -12.0% 118 +8.3%

Aug-2019 76 +4.1% 118 +13.5%

Sep-2019 72 +16.1% 111 +16.8%

Oct-2019 81 +35.0% 81 -26.4%

Nov-2019 73 +32.7% 111 +32.1%

Dec-2019 72 +7.5% 117 -19.9%

Jan-2020 71 0.0% 96 -25.0%

Feb-2020 62 -31.1% 114 -4.2%

Mar-2020 73 +10.6% 102 -8.9%

Apr-2020 75 +11.9% 110 +14.6%

Historical Housing Affordability Index by Month


62

122

67

96

75

110


April

50

75

100

125

150

175

200

225

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


66

123

72

110

72

108


Year to Date

+ 14.6%- 21.3%+ 11.9%+ 8.0% - 10.6%0.0%+ 9.4% - 1.8%- 18.1% - 18.3% + 8.8%+ 1.7%Apr-20Apr-19Apr-20Apr-19 Apr-19Apr-20Apr-19 Apr-20Apr-18 Apr-18 Apr-18Apr-18



SingleFamily


YearTownhouse/

Condo


Year

May-2019 519 +4.0% 167 -2.3%

Jun-2019 580 +7.0% 177 0.0%

Jul-2019 612 +9.3% 194 +17.6%

Aug-2019 606 +4.3% 181 +4.0%

Sep-2019 635 +14.2% 178 +9.9%

Oct-2019 620 +19.5% 166 +16.9%

Nov-2019 563 +23.5% 162 +16.5%

Dec-2019 507 +23.7% 174 +27.0%

Jan-2020 415 +15.9% 167 +29.5%

Feb-2020 404 +14.8% 167 +25.6%

Mar-2020 396 +8.8% 160 +24.0%

Apr-2020 371 -9.3% 162 +15.7%

Historical Inventory of Active Listings by Month* Active Listings for all properties from May 2019 through April 2020. This is not the average of the individual figures above.


434

153

409

140

371

162


April

0

200

400

600

800

1000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


+ 15.7%- 8.5%- 9.3%- 5.8%+ 2.8% + 10.1%Apr-20Apr-19Apr-20Apr-19Apr-18 Apr-18



SingleFamily


YearTownhouse/

Condo


Year

May-2019 7.9 +9.7% 5.7 -1.7%

Jun-2019 8.9 +14.1% 6.0 -1.6%

Jul-2019 9.4 +17.5% 6.3 +10.5%

Aug-2019 9.3 +12.0% 6.0 -1.6%

Sep-2019 9.4 +17.5% 5.7 0.0%

Oct-2019 9.1 +21.3% 5.6 +12.0%

Nov-2019 8.3 +27.7% 5.6 +19.1%

Dec-2019 7.4 +23.3% 6.0 +25.0%

Jan-2020 6.1 +15.1% 5.8 +28.9%

Feb-2020 5.8 +11.5% 5.9 +25.5%

Mar-2020 5.6 +3.7% 5.7 +29.5%

Apr-2020 5.2 -14.8% 6.1 +29.8%

Historical Months Supply of Inventory by Month


6.2

5.2

6.1

4.75.2

6.1


April

0

10

20

30

40

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020


+ 29.8%- 9.6%- 14.8%- 1.6%+ 6.9% + 2.0%Apr-20Apr-19Apr-20Apr-19Apr-18 Apr-18

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


296 + 1.7%Sold Listings 95 80 - 15.8% 291

- 13.3%

Pending Sales 114 59 - 48.2% 356 311 - 12.6%

New Listings 206 89 - 56.8% 527 457

Median Sales Price $405,000 $425,000 + 4.9% $374,500 $435,500 + 16.3%

Avg. Sales Price $456,843 $470,091 + 2.9% $423,888 $489,530 + 15.5%

0.0%

157 + 10.6%

97.3%

192 + 20.8%

Days on Market 149 177 + 18.8% 142

Pct. of List Price Received 97.4% 97.4% 0.0% 97.3%


Affordability Index 77 82 + 6.5% 83 78 - 6.0%

--

-- --

--Active Listings 550 533 - 3.1% --


Months Supply 5.7 5.4 - 5.3% --

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

12-2018 4-2019 8-2019 12-2019 4-2020

Sold Listings

By Price Range 4-2019 4-2020 Change 4-2019 4-2020 Change 3-2020 4-2020 Change 3-2020 4-2020 Change 4-2019 4-2020 Change 4-2019 4-2020 Change$99,999 and Below 5 3 - 40.0% 24 20 - 16.7% 0 0 -- 0 1 -- 1 0 - 100.0% 7 2 - 71.4%$100,000 to $199,999 30 31 + 3.3% 66 62 - 6.1% 2 4 + 100.0% 4 6 + 50.0% 8 8 0.0% 17 21 + 23.5%$200,000 to $299,999 140 134 - 4.3% 85 77 - 9.4% 10 9 - 10.0% 4 2 - 50.0% 33 32 - 3.0% 31 11 - 64.5%$300,000 to $399,999 165 196 + 18.8% 101 73 - 27.7% 10 11 + 10.0% 8 5 - 37.5% 35 39 + 11.4% 33 21 - 36.4%$400,000 to $499,999 166 172 + 3.6% 37 33 - 10.8% 21 10 - 52.4% 4 3 - 25.0% 36 45 + 25.0% 7 10 + 42.9%$500,000 to $699,999 171 190 + 11.1% 32 33 + 3.1% 16 17 + 6.3% 0 2 -- 38 53 + 39.5% 10 5 - 50.0%$700,000 to $999,999 85 84 - 1.2% 12 16 + 33.3% 6 5 - 16.7% 2 2 0.0% 21 28 + 33.3% 4 6 + 50.0%$1,000,000 to $1,999,999 32 45 + 40.6% 2 4 + 100.0% 4 2 - 50.0% 0 0 -- 9 13 + 44.4% 0 1 --$2,000,000 and Above 5 6 + 20.0% 0 0 -- 0 1 -- 0 0 -- 1 1 0.0% 0 0 --All Price Ranges 799 861 + 7.8% 359 318 - 11.4% 69 59 - 14.5% 22 21 - 4.5% 182 219 + 20.3% 109 77 - 29.4%


By Price Range 4-2019 4-2020 Change 4-2019 4-2020 Change 3-2020 4-2020 Change 3-2020 4-2020 Change$99,999 and Below 2 1 - 50.0% 4 4 0.0% 2 1 - 50.0% 1 4 + 300.0%$100,000 to $199,999 9 12 + 33.3% 12 16 + 33.3% 12 12 0.0% 15 16 + 6.7%$200,000 to $299,999 36 23 - 36.1% 21 26 + 23.8% 27 23 - 14.8% 25 26 + 4.0%$300,000 to $399,999 55 56 + 1.8% 26 34 + 30.8% 52 56 + 7.7% 35 34 - 2.9%$400,000 to $499,999 64 45 - 29.7% 20 25 + 25.0% 54 45 - 16.7% 24 25 + 4.2%$500,000 to $699,999 90 93 + 3.3% 26 28 + 7.7% 97 93 - 4.1% 31 28 - 9.7%$700,000 to $999,999 68 57 - 16.2% 17 25 + 47.1% 55 57 + 3.6% 25 25 0.0%$1,000,000 to $1,999,999 55 48 - 12.7% 13 4 - 69.2% 56 48 - 14.3% 4 4 0.0%$2,000,000 and Above 30 36 + 20.0% 1 0 - 100.0% 41 36 - 12.2% 0 0 --All Price Ranges 409 371 - 9.3% 140 162 + 15.7% 396 371 - 6.3% 160 162 + 1.3%

Actual sales that have closed in a given month.

Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo

There are no year-to-date figures for inventory because it is simply a

snapshot frozen in time at the end of each month. It does not add up over a

period of months.


A measure of the number of homes available for sale at a given time.

Year over Year Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo

799359

1,158861

318

1,179

Singe Family Townhouse-Condo All Properties

By Property Type 4-2019 4-2020

409140

550371

162

533

Singe Family Townhouse-Condo All Properties

By Property Type 4-2019 4-2020

2996

225 266203 203

9734 523

93211

269205 223

100 49 6

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $999K $1.0M to $2.0M $2.0M+

By Price Range – All Properties – Rolling 12 Months 4-2019 4-2020

+ 20.0%

6 2257 81 84

11685 68

315 28 4990 70

12182

52 36

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $699K $700K to $999K $1.0M to $2.0M $2.0M+

By Price Range – All Properties 4-2019 4-2020

- 20.7% - 3.1% - 6.2% + 1.1% + 44.1%+ 1.0% + 9.9% + 3.1% + 7.8% - 11.4% + 1.8%

+ 16.1%- 16.7% + 27.3% - 14.0% + 11.1% - 23.5%- 16.7% + 4.3% - 3.5% - 9.3% + 15.7% - 3.1%

Glossary of Terms

New Listings

Pending Sales

Sold Listings

Median Sales Price

Average Sales Price

Percent of List Price Received

Days on Market Until Sale





A research tool provided by the Colorado Association of REALTORS®

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

A count of all the listings that went into Pending status during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending 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.

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

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

A sum of all home sales prices divided by total number of sales.

A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A measure of how long it takes homes to sell, on average.

A 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 median income by county.

A 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.

A 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.

durango area association of realtors · new listings pending sales sold listings median sales price...

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