September 2015 Denver Area Housing Market Update

    House Hunters CO Market Update

    Housing Update for Denver for September 2015: Inventory levels are rising!

    Whether you are buying, selling or investing in a home, your local housing statistics play an important role when considering a move.  According to REcolorado, Colorado’s largest MLS and the provider of REcolorado.com, the Denver area continued to slow down in September. The leading cause of this is the market is becoming a more balanced market for buyers and sellers in the Denver Metro area. Inventory levels in the Denver Metro increased to a 2 month absorption rate in September and continue to increase in October where we are now seeing a 3 month supply of inventory. We haven’t see that in Denver all year.

    • September Active Listings:
      • 9,051 active listings on the market
      • Down 1% since last month
      • 2% higher than this time last year.
    • September New Listings:
      • 6,314 new listings
      • Down 9% compared to last month
      • 18% more than September 2014
    • September Inventory Levels:
      • 8 week supply
      • Higher as compared to the summer months
    • September Average Sold Prices:
      • Average sold price for a single family home in September was $359,503
      • Down 3% from last month
      • Up 12% from last year
    • September Home Sales:
      • Down 5 percent since last month
      • 6% decrease year over year
      • Average days on market was 24 days

     

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    Sourced from recolorado.com

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