Colorado and Denver Real Estate Housing Market Statistics

Here's the first installment of a blog I plan to do on a monthly basis, a Denver Area Housing Market Sales update.

The Denver housing market has seen a little press lately regarding its local home price recovery relative to other large cities in the U.S. According to Zillow.com's numbers, Denver homes achieved their third largest home-value gain in 2009 through November.

So, I decided to look a little further into the actual home sales numbers in the Denver area real estate market; here is what I found for the Denver Metro housing market through November of 2009, compared to the same period last year (2008).

Nearly all of Metrolist sales numbers are down year-over-year (see above chart). If you are a glass half-empty person, collective residential home sales in the Denver Metro market were down 13%, with the average sales price falling 3.3%. Keep in mind this is the entire Metrolist service area, and Denver itself performed better than most.

Below is a Colorado and Denver Real Estate Market Analysis in further detail and in graph form (Jan-Nov, 2009).

If you have any further questions feel free to contact Cherry Creek Realty Services, one of our agents would be happy to speak to these numbers in greater detail with you.