Feb 01, 2014

January 2014 Denver Housing Report

 

 

- originally posted January 1, 2014 -

 

Denver Metro's average home price has been holding steady just above the $300k mark. For the past 3 months the average 'sold price' has been hovering at $304,000. Median prices have also been steady at $250,000.

The $55,000 difference between average and median home prices means that, while 'average' prices are more influenced by many expensive home sales, the vast majority of houses selling are much closer to the mid-250's range (the median).

Last month, the number of total active listings fell. But, our supply of homes actually rose. This occurred because sales dropped more than active listings did, which pushed the ratio of houses available for sale, slightly higher. Those numbers were anticipated though, given the holiday season in full swing and the recent increases in interest rates.

During December homes for sale spent a little more time on the market compared to last month, 48 days on average. As we head into the new year, anticipate increasing sales and declining market inventories till Spring.

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

 

Get It Monthly - Average Home Price & Trends!

We subscribe to a variety of data sources that helps us evaluate Denver's average home price and trends report, for our clients. If you'd like a copy of our Average Home Price & Trends Report for Denver, simply send us the easy form below.

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