Denver Homes For Sale: Closings, Everage Sales Price Rise in May

Again, we're seeing more positive news for Denver homes for sale. The latest numbers from Metrolist were released yesterday, and all of the numbers were positive for home sellers.

Based on the numbers, closings are up 24% year over year, average sales prices are up over 10% year over year and the housing inventory is down over 40% from May last year.

From The Denver Business Journal:

The average sales price stood at $284,059 in May, up 3.2 percent from April and up 10.45 percent year over year.

“Right now, everything looks extremely positive,” Bauer said.

The inventory of homes available for sale remained at “historically low” levels, Bauer said. There were 10,591 homes for sale in May, up 3.3 percent from April but down a significant 41 percent from May 2011 and 51 percent from May 2010.

While these numbers are great fro Sellers, buyers are having a real problem just finding an available home, much less getting an offer accepted. We are working with several buyers looking at Denver Homes and Denver foreclosures who have put in bids on several properties before they were able to place a home under contract.

If you would like more information on these number of Denver Foreclosures and homes for sale in general, give our team a call at 303-726-1874 today.