Denver Home Sales In October Sets Record

Dated: 11/13/2013

Views: 22664

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.

Carla Winter - Raymond Selix

Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver area real estate market not only includes over 35 years as a Real Estate Broker Associate but also in....

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