Real Estate News
The big headline these days in the Denver real estate market is the massive drop in inventory (homes for sale) over the past couple of years. In December, 2007 there were 27,127 homes and condos on the market in metro Denver. As recently as December, 2010 there were 14,275 properties on the market. Today there are only 10,993. We have to go all the way back to 1999 to see inventory this low. This massive drop in inventory in the under $300k market segment has profound ramifications for our local real estate the market.
Quick Stats
Denver Metro Single Family Housing Stats:
Active Listings: 8,854
- Down 37% from Dec. ‘10
Under Contracts: 2,253
- Up 6% from Dec. ‘10
Solds: 2,531
- Up 5% Dec. ‘10
Average Price: $275,610
- Even from Dec. ‘10
Average Days on Market: 107
- Down 4% from Dec. ‘10
Denver Metro Condo Housing Stats:
Active Listings: 2,139
- Down 50% from Dec. ‘10
Under Contracts: 579
- Up 3% from Dec. ‘10
Solds: 625
- Up 4% from Dec. ‘10
Average Price: $166,420
- Even from Dec. ‘10
Average Days on Market: 106
- Down 20% from Dec. ‘10
Facebook
LinkedIn