Denver home sales total more than $20 billion in 2015

Denver home sales totaled more than $20 billion in sales volume in 2015 according to the latest report from Denver Metro Association of Realtors. More than 55,500 properties sold in 2015, including detached single family homes and attached condominiums; up slightly from 54,068 sold in 2014. The average home sales prices for December topped $374,900 for single-family homes and condominiums combined while single family-homes reached $414,471. A total 4,170 homes were sold in December which was a 1.7% increase compared to last December 2014. Active listings in metro Denver area stood at 4,384 in December, which was a 22% drop compared to November’s at 5,683. Average days on the market in December also dropped to 40, which was a 13% decrease from last December 2014. According to the report, average sale price for condominiums reached $278,656 in December which was a 17% increase compared to last year, while single-family homes saw a 9% increase over the previous year.