September 2010 Metro Market Report
Single Family (Residential + Condo), Denver CO
- Inventory was 23,332 units at the end of Sep 2010
- Compared with prior month, available inventory is up 1%
- Up 18% compared with year ago
- Under contract listings were at 3,645 units
- Down 4% compared with prior month
- Down 30% compared with Sep 09
- Sales volume (units) totaled 2,958
- Down 4% compared to last month
- Down 23% compared with same month year ago
- Year to Date (YTD) Sales volume (units) totaled 30,286 compared to 31,554 units sold YTD 2009, a decrease of 4%
- Average sales price was $260,929, down 2% versus prior month
- 4% increase from Sep 09, $251,112 avg price
- Compared with Sep 09, Average Days on Market (DOM) increased 6% to 102 days
Residential Market Statistics, Denver, September 2010
- Available inventory was at 17,985 units, down 1% compared with month ago figures
- Inventory was up 20% compared with same month, year ago
- Under contract listings are down 8% compared to prior month at 2,936 units
- Down 27% compared to Sep 09
- Sales were down 6% from month ago to 2,321 units sold
- Compared with Sep 09, units sold decreased 23%
- YTD sales volume was at 23,933 units, down 4% compared with YTD 2009 sales of 24,983 units
- Average sales price was $290,025
- Down 2% compared to Aug 10, $295,516 avg price
- Up 6% versus Sep 09, $274,433 avg price
- Median sales price was $230,000, down 4% compared with prior month, and up 2% from Sep 09
- Average Days on Market (DOM) was at 100 days, up 6% compared with a year ago
Condo
- Available inventory was at 5,347 units, even with last month
- Up 12% compared to Sep 09
- There was a 9% decrease in under contract units to 709, compared with prior month
- Under contract listings were down 41% versus same month year ago
- 637 units sold in Sep 10, up 5% compared to prior month and down 24% from Sep 09
- YTD sales volume was at 6,353 units, down 3% compared with 6,571 units sold YTD 2009
- Average sales price was $154,913, down 3 versus last month and down 8% compared to Sep 09
- Median price was $129,000, even with month and down 11% compared with Sep 09
- Average Days on Market (DOM) was at 107 days, a 10% increase from year
