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DENVER REAL ESTATE MARKET UPDATE NOVEMBER 2012
DENVER REAL ESTATE MARKET UPDATE
Once again the trends are confirming a greatly improved year for 2012 for the Denver Real Estate Market! Some notable stats are shown below as we see Median Prices versus a year ago up by 9%, Average Number of Days on the Market down by 26% and Sold Units up by 19%. Inventory is still very low and is down 30% from a year ago. If you know anyone who is thinking of selling their home, now is a great time to sell!
By the numbers, the inventory of available homes for sale is 9,719 homes at October month end, 4,556 homes came onto the market, 4,624 homes were placed under contract, and 4,095 homes closed for a closed dollar volume of $1.1 Billion. October overall was a good month. The outlook for the remainder of the year also looks good as we continue through the fall season. Traditionally, the holiday season means fewer transactions each month.
Monthly Market Recap: (See graphs below)
Single Family: Condos/Townhomes: Active Inventory is 8,108 homes at month end Active Inventory is 1,611 homes
Sold homes is 3,246 Sold homes is 849
Average ... more
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