January Market Stats

According to REcolorado’s monthly market report, active listings rose 63% in January 2016 over December 2015, increasing from 2,542 to 4,148. “A solid influx of new listings gave the metro Denver housing market a boost of momentum to start off the New Year,” Kirby Slunaker, president and CEO of REcolorado told Denver Real Estate Watch. Listings are typically low in December and rise in January. In January 2015, the market experienced a 57% increase over December of 2014, according to Denver Real Estate Watch. Even with the upsurge in January, the number of active listings remain much lower than they have been historically in the Denver area. The average sold price of a single family home was $370,378 in January. “If January is an indication of what to expect in 2016, we can look for a competitive and fast-paced market, with inventory remaining tight and prices holding strong,” Slunaker told Denver Real Estate Watch.