The market starts 2014 strong in all price ranges, with only $700 to $900K showing weakness The Denver area inventory is well below the national averages as shown in this graph.
Over 1/2 of all homes priced under $400K are selling in every 30 day period. As the year draws toward a close, the days on market are increasing slightly, but no where near a buyers market. The Average Sold price is holding steady, but expect a normal decline in January. Active inventory exceeded 2012 for […]
Status Quo except for an increase of activity in the 1 -2 M price range. Inventory will remain low during the winter months, but will begin to increase in the spring, at least to 2012 levels. Sales volume remains strong, well ahead of previous years,with only a slight decline in prices. Detached homes prices are […]
Remains a sellers market below $800,000 The Average price has begun the normal seasonal decline, but the decline is minimal to date. Inventory should begin the seasonal decline before an expected upward swing next March. Closings remain high, pointing to the best sales year in the past half decade. Days on market increased from the […]
By price, most of the market under $900K is a seller’s market. While inventory has crept up to 10K units, Metro Denver has an inventory shortage. Sales continue to outpace the past 5 years for any given month. The average sold price peaked in June, and is now in the normal seasonal decline. In many […]
The truth is that well positioned homes are selling in days. The chart is really reflective of the hard to sell properties. The market had a slight increase in available units for the first time since June of 2012 Inventory imbalance may act to hold back total sales Market times continue to lessen. Average prices […]
Properties under $300K are selling as fast as they are listed. Even the upper end of the market is seeing a very active market. The reality is that some homes are selling before they come to the published market, so this statistic is suspect. Published inventory continuous to decline month over month. The only thing […]
6,000 more SFR were sold in 2012 than in 2011 Prices declined from the high in June, then started an unusual late year comeback. Days on market increased toward years end, but expect 60 days or less by April. Inventory continues to be historically low. Year over year sales increased 10 of 12 months in […]
Positive Price Creep-more homes are selling at higher prices! Lack of inventory pushes prices higher. That and low interest rates. The seasonal sales decline isn’t declining much this year! Days on market are increasing as winter arrives, but still a sellers market! Average Sold Prices still very high, a great jump off point for 2013!
All prices ranges under $500K are now in a sellers market. The average days on market are slowly trending up, but this is a seasonal reaction. Average Sold prices remain high for the season, indicating the potential for strong prices in 2013. Available inventory is approaching crises levels Sales remain strong as the market winds […]