Denver Area Housing Sales Up In December

Denver Area Housing Sales Up In December

DENVER – January 6, 2016 – According to REcolorado, Colorado’s largest MLS and the provider of REcolorado.com, December was an active month for the housing market in the Denver metro and surrounding area, with a strong month-over-month increase in sales.    

Home sales saw a jump in December, with 4,436 homes closing, a month over month increase of 31 percent and year over year increase of two percent.  During the month, 3,174 single family detached sales homes sold and 1,262 condos/townhomes sold. 

“December typically brings a month-over-month increase in residential real estate sales, but this December surprised us with a much higher increase than we’ve seen in previous years,” said Kirby Slunaker, president and CEO of REcolorado. “Home prices have moderated since the second quarter, allowing buyers to jump into a market that is less competitive during the holiday season.”

Denver area home prices held steady in December for the third consecutive month. The average sold price for a single family home in December was $369,568, flat as compared to last month, but still ten percent higher than this time last year.   

December ended with 5,501 active listings on the market, a month-over-month decrease of 21 percent; however, a three percent increase as compared to last year. The number of new listings that came on the market slowed as well. During the month, 2,542 new listings came on the market, a seasonal 31 percent month-over-month decrease, but two percent higher than December 2014. 

Months of Inventory fell to approximately five weeks in December, well below the national average. 

The amount of time a Denver area home stayed on the market increased three days in December, bringing the average days on market to 33 days. 


Marc Blitstein Headshot
Author:
Phone: 303-330-4058
Dated: January 7th 2016
Views: 1,022
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

From Decorating To Staging - There is a huge difference between
Mar 1 2017 31900 1 - Thinking about doing some
The True Story Of Lovers Leap In Colorado - About this time every year it,
If You LOVE Coffee Check Out This Hot Spots In Denver - I love love love coffee

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