November – 2013 Denver Real Estate Market Stats from Joe Hubert and Land Title

Super Joe Hubert

Super Joe Hubert

This is the first month we are utilizing the new Matrix system from MLS. The report is a work in progress. A more complete version will be available in the New Year.

Residential Highlights:

  • 23% increase in the number of closed sales year to date
  • 22% decrease in average days on market (48 days in November)
  • 54% decrease in # of active listings
  • 4% increase in months of inventory available (2 months in November)
  • 9% increase in average price – sold ($333,992)

Attached Single Family (Condo and Townhome) Highlights:

  • 11% increase in number of closed sales year-over-year
  • 10% increase in number of closed sales year to date
  • 25% decrease in average days on market (43 days in November)
  • 56% decrease in # of active listings
  • 61% decrease in months of inventory available (2 months in November)
  • 5% increase in average price – sold ($204,044 in November)
Tax Wordie 2012

Tax Wordie 2012

Click here for Full report of entire MLS

Based on Information from Metrolist, Inc. for the period Jan 2010 through present via the Matrix System.
Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. Does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

In The News
Stay on top of the pulse of the real estate market with weekly compilations of local and national news articles concerning the real estate industryClick here for a PDF version.

Featured Article this week is the results from the National Association of REALTORS Profile of Home Buyers and Sellers 2013. Click here for the article and click here to view the webinar and presentation from the NAR.
Some interesting findings from the survey which include:

  • 88% of sellers were assisted by a real estate agent when selling their home.
  • Sellers typically sold their homes for 97% of the listing price and 47% reported they reduced the price at least once.
  • 36% of sellers offered incentives to attract buyers, most often assistance with home warranty policies and closing costs.

Approximately 9 in 10 recent buyers were at least somewhat satisfied with the home buying process.

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About Tom & Dee Cryer

Your Friends in the Homeownership Business!
This entry was posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, Greenwood Village and tagged , , , , , , , , . Bookmark the permalink.

One Response to November – 2013 Denver Real Estate Market Stats from Joe Hubert and Land Title

  1. Joe Hubert says:

    Hi Tom:

    Thanks again for the press. Curious if I am no longer Super Joe to you???

    I’m good either way, just thought I would ask if Super Joe was a better guy that Joe? 🙂

    Cheers again.

    Joe

    On Fri, Dec 13, 2013 at 12:58 PM, MyTownCryer

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