Denver Real Estate Market updates

By
Real Estate Agent with The Berkshire Group

The new Denver Real Estate Market updates show that October '10 didn't do as well as October '09, but the drop off wasn't as severe as predicted.

Here are a few highlights:

Single Family (Residential and Condo)

  • At the end of October '10, inventory was 21,851 (active and pending). Available inventory was down 6% compared to September '10. Inventory was up 15% compared to October '09.
  • Sales Volume (units) totaled 2,842, which is up 2% compared to prior month, but down 28% compared to October '09.
  • Average sales price was $261,750 which reflects a 10% increase from October '09 ($260,929)
  • Compared to October, '09, average days on market increased 11% to 104 days

 

The above information was gathered from Denver Metrolist

 

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