Denver Home Sales In October Sets Record

Dated: 11/13/2013

Views: 22703

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.
Blog author image

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....

Latest Blog Posts

Denver Market Sees Cool Down In September

According to a recent report from the Denver Metro Association of Realtors (DMAR), Denver metro home inventory is up 7 percent from last month, and more than 16 percent year over year. That’s

Read More

Denver Sellers Market Shifting To Buyers

Housing inventory continues to be in an issue in Denver, which often puts sellers at an advantage. As inventory numbers are slowly creeping up in the Mile High City, industry pros are seeing

Read More

What Colorado Zip Code Is Second Hottest In The Nation

According to Realtor.com, our very own Colorado Springs came in second on the “2018 Top 10 Hottest ZIP Codes” list. The rankings come from an analysis of 32,000 ZIP codes, based on the time it

Read More

Broomfield And Highlands Ranch Make Best Place To Live In America List

Two of Denver’s suburbs made the "Best Places to live in America" list, compiled by Money magazine and Realtor.com. Highlands Ranch came in at #8, while Broomfield took the #18 spot.According to

Read More