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: 1,162 About Marc: Marc Blitstein has been a licensed Real Estate Agent since 2004. Real estate experience has been in ...
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How do I begin to thank you for the amazing experience you afforded me selling my condo? I have bought and sold a handful of homes and I've never had anybody work as hard or be so helpful. Your attention to detail, informative approach and willingness to assist in every way was such a pleasant surprise. Your knowledge of the market and negotiation skills are impeccable. Thank you so much for your kind, reasonable guidance. I am so pleased. I will tell anybody that will listen to me - "Call my real estate guy!"
You are simply the best.