Denver metro area homes are showing a robust market with more than 42,667 closings in the first nine months of the year which included 46 submarkets. This was a 21.5% increase compared to 35,112 sold the first 9 months of 2012. Numbers of homes that were placed under contract rose to 56,067, which was a 25.1% increase compared to the 44,805 during the same period last year. The average days on the market fell by 35.4% to 51 from 79. The average sale price of homes sold was $305,350 which was a 9.8% increase from $278,100 during the same period last year.

Denver which is the largest submarket had 10,470 homes sold in the first nine months which was a 15.4% increase from the 9,080 during the same period last year.  Days on the market also fell by 39.2% to 33 from 47 while the average price per square foot rose 15.2% to $295 from $256. The average sale price rose 12.3% to $327,553 from $291,781.

Other submarket also showed an increase in homes sold including Denver’s Uptown with a 68.2% increase, Castle Pines Village with a 30.5% increase and Southglenn with a 57,6% increase.