Metro Denver's September end of the month inventory
of active listings was at 17,139 listings.
 
This is a new low!
 
 
On a Monthly basis, comparison of month over month and year over year September:
 
Key takeaways:
The inventory of unsold homes is at 17,139 units, down 6% with August ‘11 level and down
27% from September ‘10.
3,847 units were placed under contract in September, down 15% with August ‘11 and up 6%
from September ‘10.
3,337 units sold in September ‘11, down 16% from August ‘11 and up 13% from September ‘10.
Single Family average prices, $254,078 for September ‘11, decreased 3% for both month over
month and year over year.
 
Residential average price, $280,289 for September ‘11, decreased 1% month over month and
decreased 3% year over year.
Condo average price, $159,980 for September ‘11, decreased 5% month over month and
increased 3% year over year.
Condo median price remained relatively flat at $128,950 in September ‘11 when compared to
August ‘11 and September ‘10.
Residential median prices decreased 2% to $229,804 in September ‘11 when compared to
August ‘11 and remained relatively even when compared to September ‘10.
 
 
Comparison of YTD 09/2011 to YTD 09/2010:
 
Sales units 23,956 vs 23,933 (↔) Sales units 6,024 vs 6,353 (↓5%)
Median Price $229,970 vs $230,000 (↔) Median Price $124,900 vs $134,000 (↓7%)
Average Price $281,782 vs $282,416 (↔) Average Price $158,761 vs $160,280 (↓1%)
Sales Volume $6.8B vs $6.8B (↔) Sales Volume $1.0B vs $0.9B (↓6%)
Days on Market 106 vs 86 (↑23%) Days on Market 120 vs 91 (↑32%)
 
Source: Metrolist, Inc.
©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But NotSeptember marks the end of Denver’s prime home selling/buying market with a lower number of
transactions for the month when compared to the prior month. Of note is the fact that the month
end inventory of active listings is at 17,139 units. This is a new low.
On a Monthly basis, comparison of month over month and year over year:
Single Family takeaways:
The inventory of unsold homes is at 17,139 units, down 6% with August ‘11 level and down
27% from September ‘10.
3,847 units were placed under contract in September, down 15% with August ‘11 and up 6%
from September ‘10.
3,337 units sold in September ‘11, down 16% from August ‘11 and up 13% from September ‘10.
Single Family average prices, $254,078 for September ‘11, decreased 3% for both month over
month and year over year.
Residential and Condo takeaways:
Residential average price, $280,289 for September ‘11, decreased 1% month over month and
decreased 3% year over year.
Condo average price, $159,980 for September ‘11, decreased 5% month over month and
increased 3% year over year.
Condo median price remained relatively flat at $128,950 in September ‘11 when compared to
August ‘11 and September ‘10.
Residential median prices decreased 2% to $229,804 in September ‘11 when compared to
August ‘11 and remained relatively even when compared to September ‘10.
On a Year to Date basis, comparison of YTD 09/2011 to YTD 09/2010:
Residential: Condo:
Sales units 23,956 vs 23,933 (↔) Sales units 6,024 vs 6,353 (↓5%)
Median Price $229,970 vs $230,000 (↔) Median Price $124,900 vs $134,000 (↓7%)
Average Price $281,782 vs $282,416 (↔) Average Price $158,761 vs $160,280 (↓1%)
Sales Volume $6.8B vs $6.8B (↔) Sales Volume $1.0B vs $0.9B (↓6%)
Days on Market 106 vs 86 (↑23%) Days on Market 120 vs 91 (↑32%)
The above representation may or may not reflect all real estate activity in the market.
By definition, Single Family equals Residential plus Condo.
Source: Metrolist, Inc.
©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not