DENVER – January 6, 2016– According to REcolorado, Colorado’s largest MLS and the provider ofREcolorado.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.
Author:Marc Blitstein Phone: 303-330-4058 Dated: January 7th 2016 Views: 1,029 About Marc: Marc Blitstein has been a licensed Real Estate Agent since 2004. Real estate experience has been in ...
Ion Real Estate is a hand-picked team of highly respectable experienced Realtors coming together to work with you. Please contact us anytime with any questions. We look forward to serving your Colorado real estate needs. Our experience and dedicated professionalism ensures our clients have exceptional representation every step of the way. At a time where bigger isn't always better, Ion Real Estate has chosen to remain a smaller, highly focused team in order to provide a level of personal service, attention and consideration to our clients that you simply won't find elsewhere. Our decades of experience in the unique world of Denver real estate positions us advantageously to handle all of your real estate needs
It's Spring and a great time of year to sell your home! Here are five&
"I hired Dave Hansen to help me find a house. I was so undecided and up in the air of what I should do and he was very patient and helpful in every aspect of my home purchase which was a blessing because I know I wasn't an easy customer. He stuck with me and "held my hand" so to speak. A great guy and a true professional. "