DENVER – February 5, 2015 –REcolorado, Colorado’s largest MLS and the provider of REcolorado.com, today released its January 2015 statistics on the Denver area housing market. The report includes data from REcolorado’s 16,000 members who operate throughout the greater Denver Metro area.
January’s statistics showed impressive increases in the number of new listings that came on the market, indicating sellers are looking to get a jump on the selling season and take advantage of what continues to be a prime seller’s market. January saw 3,964 new listings come on the market, a 62 percent increase over last month.
Indicative of the competitive housing market, sellers saw an extremely quick sales cycle. The average days on market remained at just 39 days, 17 days less than January 2014. Buyers began scooping up the new inventory quickly, as 4,514 listings went under contract, a 28 percent increase over last month.
“An … Read More