DENVER (courtesy of REColorado) – January 2016 – According to REcolorado, Colorado’s largest MLS and the provider, December was an active month for the housing market in the Denver metro and surrounding area, with a strong month-over-month increase in sales.
Home sales saw a jump in December, with 4,436 homes closing, a month over month increase of 31 percent and year over year increase of two percent. During the month, 3,174 single family detached sales homes sold and 1,262 condos/townhomes sold.
Denver area home prices held steady in December for the third consecutive month. The average sold price for a single family home in December was $369,568, flat as compared to last month, but still ten percent higher than this time last year.
December ended with 5,501 active listings on the market, a month-over-month decrease of 21 percent; however, a three percent increase as compared to last year.
Months of Inventory fell to approximately five weeks in December, well below the national average.