Megan Aller - First American Title Denver

20/03/2025

Proud to be part of this demographic.

As we commemorate Women’s History Month, we want to celebrate the progress that single women have made in pursuit of the dream of homeownership.

We break down the key highlights for you:

• In 2024 single women increased their homeownership rate to ~52% while the overall homeownership rate declined.
• Over 20 million single women owned homes in 2024, surpassing single men both in number (14 million homes owned) and in homeownership rate (49.6%).
• Women have made financial sacrifices to achieve this goal such as cutting spending on non-essential goods, canceling vacations, and even taking second jobs.
• These efforts underscore the importance of homeownership for single women, who recognize the long-term benefits of wealth accumulation through house price appreciation and equity gains from monthly mortgage payments.
• Women have increasingly pursued higher education, which is linked to larger incomes, and larger incomes improve the likelihood of homeownership. These fundamentals, which have fueled the surge in homeownership among women, show no signs of slowing.

Let’s hear it for these hardworking ladies- show some love below!

18/01/2024

Please read this message in it's entirety as there are some significant changes in the distribution to these reports.

The market continues to pick up in the second weekend of January despite the arctic blast and a 3 day holiday weekend. Things are looking towards a highly competitive spring market.

Our average daily active count was flat, slightly up by 0.9% with 4,651 total listings for sale, 703 of which were new listings. New listings increased week over week by 4.3% and compared to one year ago new listings are down -0.7%.

Pending transactions increased week over week by 10.3% with 736 listings going under contract.

The Odds of Selling increased this last weekend by 2.5% to 48.8% when listing last week for the next 30 days. Overall, January’s average Odds of Selling from 2013-2019 and 2023 was 56.0%.We are trending historically at a lower odds of selling but picking up quickly.

Based on demand from last week to put our market into balance with a 6 month supply of inventory we would need to have 19,210 total listings available for sale which puts us at 24.2% of balance.

11,043 Showings were set last week, averaging 2.4 shows per property, on average it took 15 showings to go under contract in a median of 33 days.

The rate of price reductions decreased week over week to 39.0% of units going under contract reduced their price. Price reduction size was the slightly larger this week at -5.2% off the original price.

Starting February 1, 2024, we will implement a nominal charge of $10.00 per report for the weekly, monthly, and quarterly Greater Metro Denver Market Review reports.

Since we began producing the reports in 2008, we’ve accumulated a vast dataset totaling millions of listings. The reports, as well as the distribution of the reports has grown exponentially. So much so that I’ve formed a relationship with REcolorado to be a data partner. Charging a small fee for the reports aims to offset costs and acknowledge the time-intensive nature of report creation, approximately 40 hours per month. Additionally, as a title insurance company under the Division of Insurance's supervision, I cannot provide items of value in hopes that you will use First American Title.

While this represents a shift from our 14-year history of providing reports at no cost, the decision was driven by the need to adapt and set the stage for continued growth. Your feedback overwhelmingly supported continuing the reports with a modest charge to ensure uninterrupted service and data quality.

To access the reports, please visit IgniteRE.FirstAM.com under the marketing tab. For platform access, collaborate with your First American sales executive as they will need to set up your account.

I appreciate your understanding and ongoing support. We've had a fantastic 14-year run, and I hope you'll continue to follow and download the reports to maintain your industry expertise.

Thank you for being a valued part of the Greater Metro Denver Market Review community.

12/01/2024

Weekly Market Update January 3-9, 2024
The metro Denver real estate market perked up in the second weekend in January kicking off our real estate selling season. A larger pick up in buyer activity typically happens in late February.
Our average daily active count declined, down by -6.9% with 4,609 total listings for sale, 674 of which were new listings.

New listings increased week over week by 161.2% and compared to one year ago new listings are up 11.4%.

Pending transactions increased week over week by 161.2% with 667 listings going under contract.

The Odds of Selling increased this last weekend by 11.6% to 46.3% when listing last week in the next 30 days. Overall, January’s average Odds of Selling from 2013-2019 and 2023 was 56.0%.We are trending historically at a lower odds of selling but picking up quickly.

Based on demand from last week to put our market into balance with a 6 month supply of inventory we would need to have 17,409 total listings available for sale which puts us at 26.5% of balance.

10,875 Showings were set last week, averaging 2.4 shows per property, on average it took 16 showings to go under contract in a median of 35 days.

The rate of price reductions decreased week over week to 43.8% of units going under contract reduced their price. Price reduction size was the smaller this week at -5.0% off the original price.

18/12/2023

Real estate pros, gain the edge in Greater Metro Denver! Join Megan Aller's weekly update:

1. Master market dynamics, values, and hotspots.
2. Explore unique zip codes for growth.
3. Ace pricing strategies.
4. Stand out with marketing.
5. Hone negotiation skills for client success.

Stay ahead in Denver's dynamic market with Megan Aller's Weekly Real Estate Market Update. Be the expert. Join us weekly, because without data you are just guessing.

As a reminder, there is no market update this week due to vacation time, but please join me for the last session of the year on December 28th at 10:00 for the 2023 Year in Review.

Reports for this week will still go out, even a day early on Wednesday!

Register here:

14/06/2023

Bob is turning out to be quite the lover. He has slept on my bed the last couple of nights and is willingly making his way onto my lap when I sit on the couch. Bob the cat.

20/04/2023

The Buyers Are Back!

As we all know, the market tends to pick up directly following Presiden's Day Weekend at the end of February with a secondary pick up following Easter. This year was no exception with a huge jump in listing and buyer activity. This week over last week we saw active inventory remain flat, new listings up 39.8%, and pendings up 20.3%. Showing activity increased by 37.5% with over 17,004 showings set with buyers looking at on average 14 properties before writing a contract. Median days on market dropped to their lowest yet with just 5 days on market. Fewer price reductions for units going under contract also dropped to only 20.5% of homes making price reductions with an average of -5.2% off the original price.

02/03/2023

Pending units continue to increase, even more so in the over $1,000,000 segment.

Now that we have the Super Bowl and President's Day weekend behind us the market has really gained momentum. Inventory continues to drop with only 3,633 active units for sale heading into last weekend, but new inventory making its way to market jumped by 5.7% over the previous week with 907 units listed. This however was not enough to offset the overwhelming amount of demand with an increase in pending units going up by 9.1% week over week putting 1,023 units under contract. We are truly in our Compression Cycle where we have more buyers in the market than homes to sell. In speaking with listing agents who put properties under contract this week approximately 35% stated that they were in multiple offer situations. More to come on that next week when I pull the monthly numbers for February.

I want to shine a spotlight on the market over $1,000,000. Pending transactions this last week increased week over week by 35.6% with 61 units between $1,000,000-$1,500,000 units going under contract. Months of inventory dropped to 1.2 months making this market competitive again. The odds of selling increased 6.8% over last week to 55.5% which is a very healthy number. Median days in MLS plummeted to 6 days, with only 15.8% of homes making price decreases with an average of -8.2% off of the original list price. Homes that are staged in this price range, with great photography, pre-inspected, updated and in great locations are absolutely flying off the shelves.