STATEWIDE:
- Number of sales (detached and attached homes) rose to 28,068, an increase of 16% over 2Q12. YTD sales increased just under 17% compared to the same timeframe in 2012.
- Number of new listings (detached and attached homes) rose to 42,348, an increase of 16% over 2Q12. New townhouse and condo listings were greater than detached home listings.
- Median sales price rose to $260,000 for detached homes and $170,000 for attached homes. This represents an 8% increase over 2Q12. Median sales price is not an average of all home sales prices but the middle point, which may not be a good representation of activity in a short timeframe.
- Days on the market decreased 25% for detached homes and 29% for attached homes. Ask your Realtor to do a little digging into TRUE days on market and days to offer, which can reveal a more accurate picture of any local market.
- Number of active listings on the market at the end of 2Q13 was 33,256. Looking at the days on market numbers, this represents a 4.6 month inventory for detached homes and a 4.1 month inventory for attached homes.
- All regions showed a decline in sales from banks and other mortgage lenders (foreclosures).
NORTHEAST REGION (Boulder, Larimer, Logan, Morgan, Weld):
- Number of sales (detached and attached homes) increased 16% over 2Q12. Attached home sales slightly outpaced detached home sales.
- Number of new listings (detached and attached homes) increased 15% over 2Q12.
- Median sales price rose 4% for detached homes and 9% for attached homes. Median sales price is not an average of all home sales prices but the middle point, which may not be a good representation of activity in a short timeframe.
- Days on the market decreased to 81 for both detached and attached homes, a 25% drop from 2Q12. Ask your Realtor to do a little digging into TRUE days on market and days to offer, which can reveal a more accurate picture of any local market.
- Number of active listings on the market at the end of 2Q13 was 6,000. Looking at the days on market numbers, this represents a 4-5 month supply.
METRO DENVER REGION (Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson):
- Sales of detached homes increased 3% while sales of attached homes increased more than 20% over 2Q12.
- Median sales price rose to $284,000 for detached homes and $164,000 for attached homes. Represents an 9% increase over 2Q12. Median sales price is not an average of all home sales prices but the middle point, which may not be a good representation of activity in a short timeframe.
- Days on the market decreased to 45 for both detached and attached homes. Ask your Realtor to do a little digging into TRUE days on market and days to offer, which can reveal a more accurate picture of any local market.
- Number of active listings on the market at the end of 2Q13 was 12,450. Looking at the days on market numbers, this represents roughly a 3 month supply.
I would love to help you with your real estate journey.
Please contact me at 303-917-7143 or robbin@stauferteam.com
