The Colorado housing market continued growing in December, despite the holidays. A monthly report by REcolorado found that prices rose in December as supply levels declined for the third consecutive month. The average sale price for a single family home grew about 3 percent in December and was up 11 percent from the year-ago month, with the average home prices in the Denver area reaching a record $339,636. The number of active listings on the market in the Denver metro area rose 27 percent from December 2013 to 5,352. Industry analysts say that the inventory levels are the lowest in a more than decade.
As is usual for the month of December, there was a drop in the number of new listings that came on the market. New listings were down 22 percent compared with November and unchanged from 2013.
The numbers are good news for sellers, as it appears the Denver housing market is gearing up for a record Spring. If you are interested in selling your home, contact us today.