Denver Market Update - September 2014
The Denver real estate market is experiencing the seasonal slowdown, yet the inventory decreased for the month of September. Denver saw a 7% decrease in listings. Sold property saw a 14% decrease as well as the under contract properties (7% decrease) over the prior month. The days on market increased by two days - still very low at 30 days. It has not been the weather, we are enjoying beautiful warm weather.
Sales compared to last year, sales decreased 3%. The active listings compared to last year have decreased 19%. There are homes going under contract very quickly if they are priced fairly and show well.
The following data included both detached and attached properties across the Denver metro area, courtesy of Joan Cox - Metro Brokers - House to Home, Inc.
Like to know how this years sales compare to last year? Here is the Market Snapshot for the year to date information -
** Market data courtesy of Metrolist
Homeowners - if you have thought about selling and would like a home evaluation, please let me know, I will contact you right away. Relocating to Denver, and need some advice - see my Relocating to Denver information.