Lower Inventory And Fewer Days On The Market Drove Prices Higher
January 7, 2013
According to the latest data from Metrolist®, the provider of REcolorado.com a comprehensive Colorado real estate search platform, the Denver housing market boasted strong sales late in the year, with 3,400 homes sold in December alone.
Denver is one of a growing number of metropolitan areas across the country now considered a seller's market. In both November and December, the number of homes sold, under contract or pending settlement outnumbered those available.
"All over the country, home sales in the winter months proved to be a bright spot in the headlines," observed Kirby Slunaker, Metrolist President. "The average sales price for a Denver-area closing in December was $289,926, a noticeable jump from November's average prices."
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