September Denver Homes; Sales Highest Since 2008

Some more encouraging news regarding was just released from Meltrolist. According to their latest statistics, the number of and single family homes sold in the Metro area increased by 18% from September of 2011.

While the number of sales was down in September 2012 from August of 2012 ( a seasonal consistency across many years of data) the overall data was ahead of historical trends.

From the Metrolist website:

The latest data from Metrolist®, the largest real estate multiple listing service (MLS) serving Colorado real estate agents, show a continued strong real estate market in the Denver metro area.

According to the Metrolist report, a total of 3,949 homes and condos sold in September, down from the previous month but well ahead of historical trends. The monthly sales figure reflects the best September since 2008 when 4,265 units were sold.

On a year-over-year basis, September 2012 sales were up a remarkable 18% over 2011. Prices held firm, with the month's average of $282,305 mostly unchanged from August but up a solid 11% from last year. Average days on the market, an important indicator of the housing market's health, was reported to be 64 days last month, a dramatic improvement from 105 days the same period last year.

This data shows what similar reports have been showing for the last year. The market for Denver homes is trending upward. This trend spans across both Denver condos and single family homes as well as the market for and .

The inventory for all types of housing remains far below the market's demand and we expext more positive numbers in the coming months. We'll report it all here.

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