Denver Real Estate Market Statistics April 2010
May 12, 2010 by Bob Schenkenberger · Leave a Comment
As a quick recap, while individual areas vary, April, 2010 combined MLS Residential Statistics had a number of positive indicators compared to April of 2009.
- Increase in the Number of Closed Sales to 3,308 (up 22.2% for the month)
- Average Days on Market reduced 22.5% to 79 days
- Number of Active Listings increased 1.3% to 15,843
- Absorption Rate dropped to 4.5 months (down 21.3%)
- Average Sold Price remains strong (up 7.8% from $254,442 to $274,253) compared to April, 2009.
April 2010
| Category | Apr-09 | Apr-10 | % Change |
|---|---|---|---|
| # of Closed Sales - Month | 2706 | 3308 | 22.2% |
| # of Closed Sales - YTD | 9247 | 9863 | 6.7% |
| Avg. Days on Market | 102 | 79 | -22.5% |
| # of Active Listings | 15,639 | 15,843 | 1.3% |
| # of New Listings | 6736 | 9699 | 44.0% |
| Absorbtion Rate (months) | 5.8 | 4.5 | -21.3% |
| Average Price (Closed) | $254,442 | $274,253 | 7.8% |
Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
