The latest data from Metrolist, the largest real estate multiple listing service (MLS) serving Colorado real estate agents, show a continued strong real estate market in the Denver metro area.
According to the Metrolist report, a total of 3,949 homes and condos sold in September, down from the previous month but well ahead of historical trends. The monthly sales figure reflects the best September since 2008 when 4,265 units were sold.
On a year-over-year basis, September 2012 sales were up a remarkable 18% over 2011. Prices held firm, with the month's average of $282,305 mostly unchanged from August but up a solid 11% from last year. Average days on the market, an important indicator of the housing market's health, was reported to be 64 days last month, a dramatic improvement from 105 days the same period last year.
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