Dec 01, 2015

December 2015 Denver Housing Report

Average Home Price - Metro Denver

Updated on December 1, 2015

Average Home Price 
& Monthly Housing Report

The jump in active listing inventory stalled last month, after rising every month since last Spring. That drop was about 5%. Home sales also declined by the same percentage, making it the 4th month in a row of sinking home sales since our highs of last summer. Not surprising was that 'average' and 'median' sold prices rose just slightly, which was likely attributable to the drop in inventory.

None of this is too surprising given that the Denver housing market typically slows the second half of the year, and especially heading into the holidays.

Aside from the market's gradual slowing, we're still in a sellers market, and it'll take some big changes before inventory comes into balance. The market has only '2 months' of housing stock available for purchase. Inventories need to have about 4-5 months of supply, before the market would not favor either buyers or sellers.

If you're planning to enter the market anytime soon, let me to show you how to get your home organized for sale, and prepare for this changing market.

Till next month,

If you know of someone who needs to sell a home due to an estate, divorce, relocation, or other circumstance, please let me know. Call or email. I look forward to helping those you know, because they trust you and appreciate your referral. 

Average Home Price & Solds Graphs

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

Michael Dagner

Michael Dagner is a real estate professional in Denver, Colorado.