January 2013 Market Recap

http://acf.ch/wp/?m=loans-for-cash Denver Home Market
January, 2013
General Market Narrative:
WOW, can we repeat January? The Denver area has not seen a January like the one that we just
finished for years and years and years. Inventory of homes available for sale @ 7,094 homes is the
lowest month end on record for the period of January, 1990 through January, 2013. The weekly sales
rate @ 14.43 is the highest on record for the same time period. January is traditionally slower than
December; but in this case, the number of homes placed under contract is up 43% month over month.
Other metrics such as closings and pricing are up month over same month last year and down month
over month. January is traditionally slower than December. It appears that the Denver home market
continues to show its strength. Many brokerages and Realtors® are reporting setting new records in the
month of January.
By the Numbers:
Single Family (defined as Residential plus Condo):
7,094 active listings at month end, 4,383 new listings came onto the market, 4,431 homes went under
contract, 2,953 homes closed, average days on market is 78, average sales price is $274,754, closed
dollar volume is $811 Million, and month’s supply of inventory is 1.82.
Residential: 5,834 active listings at month end, 3,467 new listings came onto the market, 3,535 homes
went under contract, 2,343 homes closed, average days on market is 80, average sales price is $301,827,
median sales price is $250,000, closed dollar volume is $707 Million, and month’s supply of inventory is
1.87.
Condo: 1,260 active listings at month end, 916 new listings came onto the market, 896 homes went
under contract, 610 homes closed, average days on market is 70, average sales price is $170,769,
median sales price is $140,050, closed dollar volume is $104 Million, and month’s supply of inventory is
1.63.

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