Denver area homes listings drops to the lowest level in November to 6,566 active listings according the Metrolist. This was a 18.3% drop compared to October’s 8,041 homes on the market and a 27.5% drop from the 9,043 homes on the market in November 2013. A total of 3,820 homes were sold in November, which was a 0.95% increase from the 3,784 in November 2013 and a 17.3% drop from the 4,617 sold in October. A total of 3,146 Denver area homes came on the market in November which was a 9.86% decline from the 3,490 in November 2013 and a 35.17% drop from the 4,843 in October.
The average price of a single-family home sold in November was $329,306 which was a 9.12% increase compared to $301,565 in November 2013 and a 1.7% increase from October’s $323,750. The median price for Denver area homes for November was $280,000, up 12.2% from $249,500 in November 2013 and a 2.19% increase from October’s $274,000.