The month-over-month detached single familyhome market saw a sharp drop of 39 percent in new listings, but was eight percent more than November 2014. The condo market showed thesupply of new listings decreased 34 percent over the previous month, but was up 25 percent year over year (YOY). For the entireresidential market, under contracts decreased by17 percent (up 12 percent YOY), sold listings decreased 30 percent (down 11 percent YOY) and total sales volume dropped 29 percent to $1.23 billion from theprevious month (down one percent YOY).
Digging into the housing statistics, 3,374 new listings came on the market while 3,987 homeswere placed under contract and 3,373 homes sold and closed.
Notably, the closed sales volume year-to-date is a record $18.5 billion, a 14 percent increase from 2014, which may be attributed to Denver’s economic growth in the last year.
Please contact me if you are thinking of selling or purchasing a home in 2016. I would love to show you how I can help you maximize your home's value for selling or help you form a strategy to purchase in this competitive market.
Author:Marc Blitstein Phone: 303-330-4058 Dated: December 7th 2015 Views: 1,149 About Marc: Marc Blitstein has been a licensed Real Estate Agent since 2004. Real estate experience has been in ...
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"After deciding to move to Denver from NYC, my father and I decided to spend our vacation in Denver back in August, for the purpose of beginning the search for a new home. My father and I contacted Marc, and he made what we thought would be a long, drawn out process seem relatively easy. Before we knew it, my father and I owned a home by the time we finished our vacation in nine days.
Marc was very professional, knowledgeable, courteous, patient and an all-around great person. He took the time to educate us, as we were first time home owners, and show us all around the Denver metro area. He also continues to follow up with us after the sale, which we really appreciate. I highly recommend Marc for your relocation needs.