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Friday, February 24, 2012

HOUSING NUMBERS THAT COUNT FOR YOU

 2012 is starting off well for the housing market.  The Denver Metro Area is showing improvment in sales and here's an  important tidbit of information, the number of active listings on the market is down significantly from last year. This is also supported by a report from the  NAHB that new housing starts are slightly higher over last year.  This all goes back to supply and demand.  With interest rates low and the supply of housing decreasing, this is a good time to buy.   Does this mean it is becoming a seller's market again?  Only time will tell.

DENVER METRO AREA REAL ESTATE STATS
JANUARY 2012

Denver Metro Single Family Housing Stats:

Active Listings: 8,356
Down 39% from Jan. ‘11

Under Contracts: 2,838
Up 13% from Jan. ‘11

Solds: 1,993
Up 16% Jan. ‘11

Average Price: $272,328
Down 2 Jan. ‘11

Average Days on Market: 103
Down 14% from Jan. ‘11
Denver Metro Condo Housing Stats:

Active Listings: 2,087
Down 50% from Jan. ‘11

Under Contracts: 648
Up 2% from Jan. ‘11

Solds: 477
Up 10% from Jan. ‘11

Average Price: $146,544
Down 2% from Jan. ‘11

Average Days on Market: 108
Down 12% from Jan. ‘11
  • Real Estate News – Record High Showings/Listing in January!
  • Buyers – What’s Your FICO?
  • Sellers – Home Inventory is at a 12-Year Low
  • Investors – ROI for Remodeling Projects Lower than you Think




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