Wow. Its almost Halloween, the leaves are changing, and even the mornings are much cooler. Hard to believe we are already into third quarter of 2015.
Here’s a snapshot of what September brought:
- The average (including million dollar properties AND condos) days on market went to 23 days – but if you are a buyer in the under $300k category, you know it is still less
- The average sales price in Denver dropped slightly from Aug 2015 to $358,000 ($367k last month, $319k last year same time)
- The total number of properties sold was 4770 (up from 4562 same time last year)
- Active inventory still low at 6840 listings in August
- The average 30 year fixed rate on a mortgage at 3.89% with .6 points
Overall, our average sale price for the year is up 11.7% compared to 2014, and the average number of properties sold up 3.8% compared to 2014 – which is GREAT considering our inventory has been DOWN 24.1% compared to 2014!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com
For a pdf version of the report click here: Sept 2015
Lori Vialpando's Blog 