Its November already! And we have already experienced a few minor snows in Denver this year. I know everyone in my family everyone is already busy planning the holiday season.
Here’s a snapshot of what October brought:
- The average (including million dollar properties AND condos) days on market went to 27 days – but if you are a buyer in the under $300k category, you know it is still less
- The average sales price in Denver rose from Sept 2015 to $377,000 ($358k last month, $330k last year same time)
- The total number of properties sold was 4339 (down from 4455 same time last year)
- Active inventory still low at 6484 listings
- The average 30 year fixed rate on a mortgage at 3.76% with .6 points
Overall, our average sale price for the year is up 12% compared to 2014, and the average number of properties sold up 3.2% compared to 2014 – which is GREAT considering our inventory has been DOWN 21.5% compared to 2014!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com
For a pdf version of the report click here: Oct 15
Lori Vialpando's Blog 