ππ‘π October real estate market stats are in! ππ‘π
From REColorado:
"October was a month of heightened activity for the Denver Metro Area housing market, according to recent data from REcolorado Multiple Listing Service. In fact, market activity surpassed what weβve seen over the last two years. More homes closed in October than during the same month in both 2023 and 2022. Additionally, there was a 6% increase from Septemberβs closing numbers.
Record-High Median Prices Driven by Luxury Home Sales
The median closed price for single-family homes rose to an unprecedented $599,000, the highest on record for October. This rebound follows a price dip from August to September and shows a 4% increase month-over-month. Much of this growth came from the luxury market, as closings of homes priced between $1 million and $2 million surged by 34%. The month even saw five homes close at $5 million or more, including an impressive $8.3 million property in Old Cherry Hills."
Continue reading: https://recolorado.com/october-2024-market-stats/
Here are median sales prices for some local cities and towns that may be of interest. Check out the price drop in Boulder!
π Arvada: $660K +3.2%π₯
π Boulder: $1.285M (-14.3%)π§π§
π Broomfield: $640K (-6.1%)π§
π Erie: $780K +7.6%π₯
π Lafayette: $780K (-4.0%)π§
π Longmont: $621K (-3.7%)π§
π Louisville: $962K +7.4%π₯
For specific numbers for your neighborhood, do not hesitate to reach out! - Sally (303) 475-4508
