The latest data fromMetrolist, which powers REcolorado.com, a free resource for Colorado home buyers, sellers and owners, shows local housing demand dramatically surpassing the demand seen in autumns of the past.
Prices, inventory levels and the number of homes sold have softened, but by all year-over year comparisons, the Denver market is significantly healthier than it was at this time last year. Sixteen percent fewer homes closed in September than in August, but 20 percent more homes closed over this time last year.
Average sold prices decreased 2 percent from last month, but are 8 percent higher than at this time last year. œPrices have been rising so quickly over these past couple of months, even a slight change looks like a large jump, said Kirby Slunaker, CEO and President of Metrolist. œI expect the average sold price to flatten out over the winter months rather than plummet.
The ˜days on market' measurement has stabilized, with no change from August, remaining at an average of 39 days for September. That's down over 39 percent from September of 2012 and demonstrates how quickly the homes in the Denver market are moving despite the untraditional selling season.
Data and article provided by Metrolist. Read more at REColorado.com.
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