If you have been wondering what the latest trends are, here is the information gathered from our local Denver metro statistics. There is not as much inventory as we have had in previous years, consequently sales are also down. On the positive side, median sales price for single family homes has held steady now for 3 months. We are hoping this trend continues which would be a sign that we may be leaving the long down turn in home sale prices and finding a leveling off for 2010.
Single Family (Res + Cond)
- Active listing inventory was 16,456 at the end of Dec 09
- Down 9% versus prior month
- Compared with Dec 08, this represents an 16% decrease
- Under contract listings were at 3,028 units
- Down 12% compared with prior month
- Down 8% compared with same month year ago
- Sales volume (units) totaled 2,959
- Down 18% compared to last month
- Down 9% compared to Dec 08
- Year-to-date (YTD) sales are down 12%
- 47,837 units sold YTD 08 vs 42,070 units sold YTD 09
- Average sales price was $255,877, even compared to prior month
- 14% increase from Dec 08, $225,257 avg price
- Average sales price Year-to-date (YTD) was down 3%
- $249,897 avg sales price YTD 08 vs $242,413 avg sales price YTD 09
Residential
- Available inventory was at 12,263 active listings, down 10% compared to prior month
- This represents a 18% decrease from same month year ago
- Under contract listings decreased 13% to 2,371 from prior month, and were down 11% compared to Dec 08
- Sales were down 15% from month ago to 2,328 units sold
- Compared with Dec 08, units sold increased 10%
- YTD sales (units) were down 13%
- 37,988 units sold YTD 08 vs 33,114 units sold YTD 09
- Average sales price was $281,756
- Up 6% compared with Nov 09, $ $265,498 avg price
- Up 17% versus Dec 08, $270,261 avg price
- Median sales price was $221,000, up 1% versus prior month, and up 13% from Dec 08
Condo
- At close of Dec 09, there were 4,193 available units
- Down 7% compared to prior month and down 9% compared to Dec 08
- There was a 8% drop in under contract units compared with Nov 09
- Under contract listings were up 6% versus same month year ago
- 631 units sold in Dec 09, down 26% compared to prior month and down 3% from Dec 08
- YTD there were 8,956 units sold, down 9% compared with 9,849 units sold YTD 08
- Average sales price was $160,399, up 5% versus Nov 09 and down 2% compared to Dec 08
- Median price was down 4% at $131,000 compared with prior month
- Median price increased 5% from $125,000 Dec 08
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