Jan 29, 2013

December 2012 Denver Housing Report (archived)

This past month house prices inched-up for single family homes, and jumped-up for condos. Although prices were up for both, total sales actually dropped. Active listing inventory continues to decline, and is now well below the incredibly low threshold of 10k units. Such low levels of inventory is unheard of for the Denver market.

Even though inventory has dropped to such surprising lows, sales this past month have also declined. The average number of days on the market is up just slightly to about 70 days, and the monthly supply of inventory has remained steady just below 2.5 months.

Looking ahead, some industry reporters are suggesting that the Denver market will actually not be as strong as last year, and that the market will slow down in 2013. At this point, however, the market remains very active, and considering our extreme low level of inventory, I'd say those predictions are too premature.

Till next month,

 

Average Home Price & Solds Graphs

 

 

 

 

 

 

Average Home Price, Inventory, & Days-On-The-Market Graphs

 

 

 

 

Check Out Today's Interest Rates

Today's Interest Rates

 

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Originally posted at: Average Home Price And Trends Report. Data provided by Metrolist. Graphs copyright© Michael Dagner Group. All information deemed accurate, but cannot be guaranteed. Image attribution - percent - www.sxc.hu