January Housing Statistics for Denver

The latest market statistics for Denver Homes has been released for January, and once again, the numbers are very positive.

The demand for homes remains high. A close look at the chart below shows that Sold homes have increased 13% year-over-year while homes currently on the market (Active) have only increased 7%. This has resulted in a roughly 2 month supply of homes on the market.

The number of Under Contract homes fell 18% in January compared to last year. This is a figure we will watch closely to see if it is related to a lack of inventory or another cause.

Finally, the number that should really be highlighted here is the Average Sold Price. Prices have climbed 10% from last year. This is great news if you are a current homeowner, but if you have been putting off buying a home, waiting longer can cost you tens of thousands of dollars.

If you are looking at a $200,000 home today and prices continue the current trend, that home will cost you $220,000 next year. Factor in the rising interest rates, and waiting a year could be the worst financial mistake you every make.

Contact our team today to see if buying a home now is right for you: 303-726-1874. There are several grant programs and low down payment programs available in Colorado that can help you get into a home easier than you may think.

You can see our complete February Real Estate Newsletter here.

 January Denver Real Estate Market Stats:

  January 2014 Year Ago Year Ago +/-
Single Family (Res + Cond)
Active 7,610 7,094 7%
Under Contract 3,621 4,431 -18%
Sold 3,342 2,953 13%
    Avg DOM 61 78 -22%
    Avg Sold Price $302,251 $274,754 10%

“Based On Information From Metrolist®, Inc. For The Period January 2013 Through January 2014 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. February Not Reflect All Real Estate Activity In The Market.






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