More Denver Metro area homes hit the market in April, as buyers and sellers jump into the spring selling season. Active real estate listings were up 6 percent over March, and the number of new listings on the market increased 15 percent month over month. The pace of home sales picked up as well, with the number of sold properties up 16 percent over March.
While there is slightly more inventory available this year, the market is still very competitive as inventory remains tight and days on market dropped 26 percent in April. Year over year, the number of active listings was up 29 percent, and the number of properties sold in April was down 9 percent compared to 2013.
Continuing a 36-month trend, prices for single-family homes continued to increase in April, with the average sold price up 5 percent over March and 6 percent year over year. Demand for single-family attached homes in particular continued to rise. Sales in April were up 16 percent over March and 20 percent over last April. The average single-family attached property spent just 30 days on the market in April, down 36 percent over last year, and the average sold price was up 15 percent, year over year.
Data provided by Metrolist. Read the entire article at www.recolorado.com.
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