A change has emerged in the Denver real estate market remarkably for 2012 which appears to emerge as a very strong recovery.  Preliminary indications seem to show a strengthening market which is stronger than many others in the country.

  • Most of the homes have been sold in the price range of $100,000 to $499,999.  Condominium prices have increased 13% from the 2011 average.
  • There were 46,299 residential home closings in 2012, an 18% increase from 2011 and the largest volume of sales since 2008.
  • The average sales price increased 9% to $304,178, the biggest average since 2007’s $310,418.
  •  Average condo prices increased 13% from 2011.
  •  Sales reached $12.9 billion for single family homes and condominiums, the highest since 2007 which was $14 billion.
  •  The inventory of homes available is 7,706, the lowest since 1993.
  •  Standard and Poor’s report show home resale prices up 7.9% in November 2012 from a year earlier reaching the highest level since October 2007.
  •  Many experts anticipate prices to appreciate 3 to 5% in 2013.