A 14% year over year increase – that is huge!
The data from Metrolist – Denver’s MLS provider indicates what I have been saying for the past couple of months:
Metrolist officials said there’s only one way to describe the real estate situation here:
A seller’s market.
“All over the country, home sales in the winter months proved to be a bright spot in the headlines,” Kirby Slunaker, president of Metrolist, said in a statement. “The average sales price for a Denver-area closing in December was $289,926, a noticeable jump from November’s average prices.”
That average sales price was 1 percent higher than November and a 14 percent increase over the $253,986 sales price posted in December 2011.