Denver Home Sales Hold Up In January

Dated: 02/13/2014

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From the Denver Post Yesterday
Real Estate

Denver home sales hold up in January

By Aldo Svaldi
The Denver Post
Posted:   02/11/2014 06:26:48 PM MST | Updated:   about 23 hours ago

A quotFor Salequot sign stands in the yard of a single family home in Denver Colorado US on Friday Dec 13 2013 The National Association of
A "For Sale" sign stands in the yard of a single family home in Denver, Colorado, U.S., on Friday, Dec. 13, 2013. The National Association of Realtors is scheduled to release existing home sales figures on Dec. 19. Photographer: Matthew Staver/Bloomberg (Bloomberg | Matthew Staver)
Metro Denver's housing market got off to a respectable start in January, with prices steady despite a rising number of homes sold and a tight inventory, according to a report Tuesday from Metrolist, which runs the metro area's multiple listing service.The average price for new and existing homes in January, both attached and detached, was $302,251, down 3 percent from December and up 10 percent year over year. There were 3,342 homes sold in January, a 3 percent increase from December's tally and 13 percent more than in January 2013.The number of active listings increased 5 percent from December and was up 7 percent from January 2013. But the market remains tight, with listings spending 61 days on the market on average. That compares with 78 days a year earlier and 57 days in December. "We are optimistic about the 2014 real estate landscape," said Kirby Slunaker, CEO and president of Metrolist, in a statement. "We'd advise any consumers who are planning on entering the market for a new home later this year to start looking early."Last year, metro Denver home sales started strong and accelerated into the spring, fueled by a drop in mortgage rates and a lack of homes available for sale.Mortgage rates are higher this year, as are home prices, which should make it easier for sellers to list their properties and keep the market more in balance this time around.Aldo Svaldi: 303-954-1410, asvaldi@denverpost.com or twitter.com/aldosvaldi

Read more: Denver home sales hold up in January - The Denver Post http://www.denverpost.com/business/ci_25117904/denver-home-sales-hold-up-january#ixzz2tDHmAAiI
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Ranae Urso

My name is RaNae Urso and I specialize in residential sales and buyer representation in the Denver Metro area. I have been in the real estate business over 14 years of my 30 years in Colorado. I enjo....

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