Wednesday, October 10, 2012

Market Stats

Yep, this market is pretty hot

Entire MLS (All Areas)

Residential Highlights
  • 20.6% increase in number of closed sales for September year-over-year (3,147)
  • 9.4% increase in average price (sold) ($306,633)
  • 35.4% decrease in average days on market (64)
  • 17.8% increase in number of closed sales TYD (28,218)
Condo/Townhome Highlights (All Areas)
  • 49.6% decrease in average days on market (64)
  • 10.3% increase in number of closed sales for September year-over-year (802)
  • 16.8% increase in average price (sold) ($186,843)
  • 9.5% increase in number of NEW listings (968)
~Click here for Full report of entire MLS

This only means 1 thing: the market is hot right now. More people are buying, and faster. Sellers are delighting in so much attention for their homes. Buyers are loving the 3.4% rates. The "doom & gloom" is just not happening in Metro Denver.