There were almost 12% more homes for sale in June 2013 than the previous month of May. Perhaps this is in response to the shortage of homes for sale compared to last year (number of home available this June was 16% less than June of 2012). But even with more inventory this month, we are still seeing homes “flying off the market” compared to last year (the number of days on market is about 43 days- which is 40% less time than last year in June). And good news for sellers- the average sold price of a home in the Denver Metro Area is still on the rise. The average sold price of homes sold in June was $349,339 for Residential Dwellings (Detached & Townhomes)- that’s up 7.66% over this time last year! For Condos- the average sold price in June was $198,040- an increase of 9.07% over last June!
Source: Denver Metrolist, 06/01/2013-06/30/2013.