March 2014
By the numbers, the inventory of available homes for sale is 6,341 homes at March month end, 5,599 homes came onto the market, 4,796 homes were placed under contract, and 3,598 homes closed at an average sold price of $313,846 resulting in a closed dollar volume of $1.1 Billion.
Market Recap
Single Family
Active Inventory is 5,045
Sold Homes is 2,642
Average Price is $350,578
Median Price is $292,000
Condo
Active Inventory is 1,296
Sold Homes is 956
Average Price is $212,336
Median Price is $172,550
Market Facts
The inventory of homes available for sale remains low and buyer demand remains strong. Interest rates although affordable continued to fluctuate upwards in the month of March.
Consumer confidence increased in March to 82.3 up from 78.3 in February. Overall, the Denver home market continues to have a two month plus supply of homes available for sale at the current sales rate.
