Denver Real Estate by Denver Neighborhoods

Sales of existing homes in metro Denver and selling prices increased in November compared to the same month of 2008.  Here are some highlights from data released yesterday by Metrolist:
• Home resales, including single-family homes and condo/townhomes, rose 23.3% last month to 3,599 from 2,920 in November 2008
• Sales were down roughly 9% from October of this year, likely due to the traditionally slowing of homebuying during the winter holiday season
• Average selling price for resales rose 5.3% year over year, to $238,852
• 2,751 single-family homes sold – up 16.8% from November ’08
• 848 condo/townhomes sold – up 50.09% from November of last year
• $265,498 was the average selling price for single-family homes, up 9.5% from November ’08 and up 1.4% from October of this year.
• $218,000 was the median sales price for a single-family home, up 11.8% from November ’08
• $135,900 was the median selling price for condos, up 4.5% year over year
• Average days on market for houses and condos dropped nearly 14% to 81 in November, year over year, and was down 12.9% from October

Please call or email me today if you are thinking of buying or selling!

Source: http://denver.bizjournals.com/denver/stories/2009/12/07/daily24.html