Denver Area Housing Prices Remain Strong In October

Denver Area Housing Prices Remain Strong In October

DENVER – November 5, 2014 –According to Metrolist, Colorado’s largest MLS and the provider of REcolorado.com, many of the housing indicators for October 2014 showed little change month over month. However, prices remained strong.

With 8,041 active listings on the market, inventory of available homes showed the slowing that is expected this time of year. In October, the active listings slid 10 percent as compared to last month, and were down 23 percent as compared to this time last year. The number of new listings that came on the market was down eight percent month over month and two percent year over year.

“With inventory levels remaining tight in October, the market stayed nearly as competitive as it was during the summer selling season,” said Kirby Slunaker, president and CEO of Metrolist. “Home prices climbed a bit, and days on market remained low, indicating continued demand.

After two consecutive months of decreases, October brought an increase in the average sales price for single family homes. The average sold price in October was $323,750, up one percent from last month and a seven percent increase year over year.





In October, home sales were flat as compared to last month and were up three percent year over year. Although days on market saw a month-over-month increase, homes continued to move quickly. Homes stayed on the market an average of 34 days in October, a four-day increase as compared to last month, and 11 days fewer than October 2013. The market absorption rate indicated a steady level of demand for properties, with a supply of approximately eight weeks of inventory at October month end.









Marc Blitstein Headshot
Author:
Phone: 303-330-4058
Dated: November 6th 2014
Views: 1,081
About Marc: Marc Blitstein has been a licensed Real Estate Agent since 2004. Real estate experience has been in ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

May 9 2017 34189 1 - A new scam, circulating the
Prepare For Closing -
Culture Abounds In Downtown Denver - COMING SOONTHE WESTERN: AN EPIC IN
5 Low Cost Ways To Prepare Your Home For Sale - It's Spring and a great time of

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Ion Real Estate
2049 Larimar St.
Denver, CO
720-466-2866
720-367-5213