Christmas
Posted: December 23, 2011 Filed under: Colorado Real Estate Leave a commentMerry Christmas!!
November 2011 Greater Metropolitan Denver Home Market Statistics
Posted: December 6, 2011 Filed under: Colorado Real Estate, Denver Housing Market, Home Selling Leave a commentActive Listings inventory continues to decline, 10% month over month and 30% year over year. Under contract activity and closed transactions activity remains seasonal with a continual decline month over month.
On a Monthly basis, comparison of month over month and year over year:
Single Family takeaways:
The inventory of unsold homes is at 14,275 units, down 10% with October ‘11 level and down 30% from November ‘10.
3,365 units were placed under contract in November, down 12% with October ‘11 and up 9% from November ‘10.
3,068 units sold in November ‘11, down 4% from October ‘11 and up 15% from November ‘10.
Single Family average prices, $252,009 for November ‘11, increased 3% for month over month and decreased 3% year over year.
Residential and Condo takeaways:
Residential average price, $275,951 for November ‘11, increased 2% month over month and decreased 2% year over year.
Condo average price, $153,526 for November ‘11, decreased 4% month over month and
decreased 7% year over year.
Condo median price, $125,000 in November ’11, remains stable month over month and year over year.
Residential median prices increased 2% to $230,300 in November ‘11 when compared to October ‘11 and decreased 2% when compared to November ‘10.
On a Year to Date basis, comparison of YTD 11/2011 to YTD 11/2010:
Residential: Condo:
Sales units 35,735 vs 37,068 (↓4%) Sales units 7,325 vs 7,439 (↓2%)
Median Price $229,900 vs $230,250 (↔) Median Price $125,000 vs $133,000 (↓6%)
Average Price $280,230 vs $282,717 (↓1%) Average Price $158,520 vs $160,533 (↓1%)
Sales Volume $8.1B vs $8.0B (↑1%) Sales Volume $1.1B vs $1.1B (↔)
Days on Market 105 vs 89 (↑22%) Days on Market 117 vs 95 (↑23%)
The above representation may or may not reflect all real estate activity in the market.
By definition, Single Family equals Residential plus Condo.
Source: Metrolist, Inc.
©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But NotGuaranteed