Feb 01, 2015

January 2015 Denver Housing Report

Average Home Price - Metro Denver

Updated on January 1, 2015

Average Home Price 
& Monthly Housing Report

Total sales dropped in December to a seasonal low of about 3800 homes and condos. The Denver real estate market was very active despite that drop in sales from the month prior. And there would certainly have been many more homes sold, if it were not for the continuing inventory shortage in our market. We've seen inventory this low before, but it doesn't 'bottom' until the Spring market where demand usually peaks.

Average home prices are creeping back up after a three-month stall. Both single-family home and condo prices rose slightly, which put prices about 1.4% higher than during November (condos and homes combined).

Heading into the New Year the biggest news so far in 2015 appears to be the drop in mortgage interest rates. This recent decline in interest rates marks some of the lowest rates we've seen in almost 2 years now.  Read more in Today's Rates, below.

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.