People in metro Denver are moving in record numbers. With just one month left in the year, it is very likely that more resale homes will change hands in 2015 than in any prior year. There were almost 53,500 resale homes with a different owner on November 30th than the party that owned it on January 1st. That number is virtually certain to grow to 56,000+ by the end of December and that will be an all time high.
Interestingly, people that live in the Denver area are more mobile than residents in other parts of the country. The national average is that 4.5% of households move in a given year but it is close to 7% in metro Denver.
The numbers above, as they are every month on this blog, are for homes handled by real estate agents through the metro Denver MLS system. We lump all of the single family and multi-family homes sales together to give you a feel for the overall market. We also do 12-month averages for certain stats as it helps show true market trends.
You can see a more extensive breakout between the single family and multi-family segments of the market by clicking on the links at the end of this post. Be sure to take a peek.
If you like the look of those reports, we can produce one for you that is specific to your zip code and property type. The market is not uniform. Your part of town may be doing better or worse than the metro-wide averages.
Give me a call for one of those zip code reports on the area where you live or for the area to which you’d like to move. While the trend is undoubtedly upwards, the actual numbers just might give you a little adrenaline rush.
credit – Colorado Home Realty – Mike Cooke (c)