Super Joe Hubert

Once again Joe Hubert has offered up Land Title’s market data year over year. This October data is reflective of some long term strength. Shrinking supply with low interest rates and few new homes coming along, could a shortage be far behind? Joe reports, you decide…

Hi Tom,

Listed below are Real Estate Market Update links for October, 2011 and a PDF attachment of likely MLS areas for South Metro Denver sales offices.

As with previous months, October, 2011 sales information had a few mixed indicators. October, 2011 combined MLS Residential Statistics had the following changes compared to October of 2010.

The Number of Closed Sales increased (up 8.9%%, to 2,482)
Average Days on Market remained consistent at 102 days
Number of Active Listings decreased significantly (down 30% to 11,504)
Absorption Rate declined 34% to 5.1 months
Average Sold Price decreased 6.1% (from $287,048 to $269,503)

For more details on the combined MLS Residential Statistics, select the first link below titled “Total MLS” or feel free to contact me if you have any questions.

Joe

Please note: The information included is for October. These links will automatically update to the November information within the first week of December. The October links will then be inactive. If you wish to keep the current information on file, you can save the PDF files to your computer for future use.

Total MLS

All Metrolist Areas as one download
View the MLS Map

Aurora North (AUN)
Aurora South (AUS)
Brighton, Fort Lupton (BFL)
Broomfield (BRM)
Douglas County West (DCW)
Douglas Elbert Parker (DEP)
Douglas Highlands Ranch Lone Tree (DHL)
Denver Northeast (DNE)
Denver Northwest (DNW)
Denver Southeast (DSE)
Denver Southwest (DSW)
Downtown Denver (DTD)
East Suburban North (ESN)
East Suburban South (ESS)
Jefferson County Central (JFC)
Jefferson County North (JFN)
Jefferson County South (JFS)
Jefferson County West (JFW)
Jefferson County Northcentral (JNC)
Jefferson County Southcentral (JSC)
Lafayette (LAF)
Mountain Clear Creek (MCC)
Mountain Conifer Pine (MCP)
Mountain Evergreen North (MEN)
Mountain Evergreen South (MES)
Mountain Gilpin County (MGC)
Mountain Jefferson County (MJC)
Mountain Jefferson North (MJN)
Mountain Jefferson South (MJS)
Mountain Park County (MPC)
Mountain Park East (MPE)
North Northeast Suburban (NNE)
North Northwest Suburban (NNW)
North Suburban Central (NSC)
North Suburban East (NSE)
North Suburban West (NSW)
South Suburban Central (SSC)
South Suburban East (SSE)
Superior (SUP)