City and County Market Trends Report | APR. '15
Here are some highlights from the overall report:
New Listings were down 0.8 percent for single family homes but increased 14.6 percent for townhouse-condo properties.
Under Contracts increased 9.3 percent for single family homes and 16.3 percent for townhouse-condo properties.
The Median Sales Price was up 17.6 percent to $340,000 for single family homes and 22.1 percent to $210,000 for townhouse-condo properties.
Days on Market decreased 32.7 percent for single family homes and 25.7 percent for condo properties.
On average, more people are employed now than at this time last year, and they are making more money. As a whole, the jobs picture in Colorado seems promising. This is great news for the real estate industry because employment drives home-buying activity--that's one of the reasons DMAR, CAR and NAR watch labor statistics as a key indicator for the residential real estate market. Coupled with the mostly positive jobs picture, it is widely expected that mortgage rates will remain as they are for at least the first two quarters of the year.
County & City Specific Reports
Adams | Arapahoe | Arvada | Aurora | Broomfield | Brighton | Centennial | Commerce City | Denver | Douglas | Evergreen & Conifer | Golden | Highlands Ranch | Jefferson | Lakewood | Northglenn | Superior | Thornton | Westminster | Wheat Ridge