Life is full of surprises.
From presidential election results to the behavior of teenage kids, what transpires can easily be unexpected.
The residential real estate market in metro Denver, however, is one thing that is not surprising anyone. It keeps sailing along with similar trends as it has been showing for the last three or four years.
Just look at the number of closed transactions this October compared to October in 2015. We had 4,467 homes changing hands this October compared to 4,466 homes in October of last year.
That’s right … one more home this year versus last year! Talk about steady and stable.
Ditto for properties going under contract during October, where we had 15 more this year versus the same month last year. Prices continue to move up at double digit rates as they have for some time.
Here is a summary of several market parameters:
The stats above are for sales activity in Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson counties. It includes home sales handled by real estate agents though Metrolist/REColorado®, Inc., the MLS system serving the metro Denver area.
You can see a more extensive breakout between the single family and multi-family segments of the market by clicking on the links at the end of this post. Be sure to take a peek.
If you like the look of those reports, we can produce one for you that is specific to your zip code and property type. The market is not uniform. Your part of town may be doing better or worse than the metro-wide averages.