According to recent Metrolist data, last month was the best October on record for Denver-area home sales and housing prices. Metrolist is the largest Multiple Real Estate Listing service for the Denver metro area.Industry experts agree that October was a really strong month for the metro market. Buyer demand is remaining strong and many insiders believe the momentum will to continue into the fall season.Record-setting numbers in October include:
5,452 homes placed under, a 17.9 percent jump from the 4,624 in October 2012 and a 2.2 percent gain from the 5,337 in September.
4,628 home closings, a 13 percent gain from the 4,095 in October 2012 and a 2.2 percent decline from the 4,730 in September.
The average price of a single-family home closed was $332,184, up slightly from the $331,382 in September and about 9 percent higher than the $304,237 in October 2012.
The median, or middle, price of a single-family home closed rose to $275,000, up 7.8 percent from the $255,000 in October 2012, and down slightly from $277,000 in September.
Not only was last month record-setting, it also rounded out a record 10-month period from January until October. Metrolist data also included the following:
Year-to-date, 61,515 homes were placed under contract, a 24.5 percent increase from the 49,429 in the first 10 months of 2010.
Closings through October rose by 20.6 percent to 47,295 from 39,207.
So far this year, the total dollar volume on a year-to-date basis increased to a record $14.4 billion, 32 percent more than the $10.9 billion in the first 10 months of last year. Additionally, according to reports in the Denver metro area, the inventory of unsold homes at the end of October was 9,734, a mere 0.2 percent increase from the 9,719 in October 2012 and a 5.9 percent drop from the 10,348 in September.
Author:Carla Winter - Raymond Selix Phone: 303-523-1921 Dated: November 13th 2013 Views: 22,656 About Carla Winter -: Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver a...
View our latest blog posts in your RSS reader. Click here to access.
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.