Average Denver Metro home prices remained steady in January, signaling a strong 2014 for area real estate, according toMetrolist.
The average sold price for new and existing homes in January$302, 251was down 3 percent compared to December but up 10 percent year over year. January saw a slight increase in the number of homes for sale, with active listings increasing 5 percent month over month and 7 percent year over year, but available inventory remains tight. Among properties sold in January, the average listing spent just 61 days on the market, a 22 percent decrease year over year. The number of homes sold in January increased 3 percent, from 3,229 to 3,342.
With an average sold price of $206,503 for January, the single family attached market shows strong price stability. The top end of the single family detached market continues to be very active, driving the median sold price up 12 percent over last year, with the average sold price rising by more than 21 percent year over year. Read more as published by Metrolist here.
LIVE Urban is happy to put these stats out monthly, so make sure to check back on a regular basis for all of the information you need to know about Denver's housing market!
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