August stats are out and we’re seeing some more good news:
August Denver Housing Stats
| % Change vs | |||
| AUGUST 2011 | Prior Month | Year Ago | |
| Single Family (Res + Cond) | |||
| Active | 16,631 | -5.41 | -28.15 |
| Pending | 1,533 | 0.86 | 226.87 |
| Under Contract | 4,537 | 6.75 | 14.40 |
| Sold | 3,973 | 3.60 | 29.04 |
| Avg DOM | 99 | -1.98 | 4.21 |
| Avg Sold Price | $260,821 | -3.42 | -2.96 |
| “Based on information from Metrolist®, Inc. for the period August 2010 through August 2011 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market. |
Some more great news for Metro Denver homes for sale. While the statistic that stands out is the dramatic uptick in sold homes this August compared with last August (29%), pay attention to the drastic reduction in Active homes for sale. This year, we’ve seen a year over year reduction in homes on the market.
While this is a result of many factors, including some sellers “waiting out” the perceived bad market, this is helping those homeowners who do decide to sell their home. There is a distinct lack of inventory in the metro areas often resulting in several buyers bidding on the same home. Our team was involved in almost a dozen multiple bid offers this month. Some of those we represented the buyer (many on Denver HUD homes and Denver foreclosures), but several of those were on listings we had on the market.
If you are considering selling your home, give us a call to see what the market is like in your particular neighborhood. You might be surprised! 303-817-0209.