Here are the sales statistics for the Denver/Front Range for the Month of November 2012. The pattern of the data is the same whether a condo or a single family home. In November, we saw a decrease in the number of homes that were active, pending, under contract, and sold compared to October. This may be due to the seasonal effect, as the market tends to slow a bit during the winter months- especially around the holidays.
Overall, the trend for this year versus last year still shows that the market is continuing to improve. Inventory (The number of actives) is down. The number of homes under contract and sold is up. The number of days on market is down 30% compared to last year. Average sold price is up 11% for residential homes and 29% for condos .
Definitely a good trend for homeowners and sellers!