The latest press release form Metrolist:
DENVER - JUNE 7, 2012 - The latest data from Metrolist,
the largest real estate multiple listing service (MLS) serving Colorado
real estate agents, show another monthly uptick in Denver Metro area
home sales.
Unit sales for single family residences
the Denver residential market climbed to 4,625 in May, a 19% increase
over the previous month. Average days on market (DOM) according to
Metrolist, the provider of REcolorado.com, dropped 13% to 78 days.
The average sales price, meanwhile, jumped
further in May, rising to $284,059, a 3% gain from April’s average of
$275,241. Excluding condos, the average home sales price in the region
was $307,896 for the month.
“With sales and under-contract listings
running more than 20 percent ahead of last year, the Denver market is
showing a lot of promise,” said Kirby Slunaker, President and CEO of
Metrolist. “And in terms of the past three years, inventory is at an
all-time low. I think we might have a very healthy sellers’ market on
the horizon.”
Metrolist’s May data indicated total inventory for the Denver metro
area stood at 10,591 units, a number slightly ahead of last month but
down significantly (41%) compared to the same period last year.
“We’re hearing about reports of multiple offers on properties and
we’re already seeing a steep drop in days on market for single family
residences,” said Mr. Slunaker. “With about three months’ supply of
available homes and another uptick in the average sales price, we have
an extremely positive outlook for this summer’s housing market.”
