So it seems that Denver homes for sale – especially in Cherry Creek – seems to be staying the course – the course of growth.
Buyers scooped up 6,104 metro Denver area homes in July, up 32 percent from the same month last year, according to aMetrolist Inc. report Monday.
That number of single-family homes and condos sold in July also was 10 percent higher than the 5,566 sold in June, the report states. June and July are typically the highest sales volume months for metro Denver’s home resale market.
At the same time, the inventory of for-sale homes in July grew 9 percent from the prior month, to 10,025. That’s the fourth month in a row the inventory of for-sale homes grew, but it’s still down 7 percent from the 10,827 homes for sale in July 2012.
“While still very competitive, the market in Denver seems to be growing at a sustainable pace,” said Kirby Slunaker, Metrolist’s CEO and president. “Inventory increases within the last 90 days are providing a stabilizing factor for the market overall.”
As indicated by a national report by theS&P/Case-Shiller Home Prices Index last week, the average sales price of metro Denver area home continued to increase year over year. According to the new Metrolist report, that average stood at $315,150 in July. Alhough that’s a 1 percent drop from June’s $318,541 average, it’s 9 percent higher than the July 2012 average.
The entire article is here:http://www.bizjournals.com/denver/news/2013/08/05/metro-denver-home-sales-numbers-jump.html
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