The 2015 Denver real estate market was one for the record books. In the first 11 months of the year, buyers paid a total of $18.48 billion for Denver-area single-family homes and condos, beating the 2014 sales record of $17.49 billion in sales.
The Denver housing market has been one of the strongest housing markets across the country this year, ranked either No. 1 or No. 2 in year-over-year price appreciation by the Case-Shiller index. According to the Denver Metro Association of Realtors, the average prices for all homes are up almost 15%, year-to-date.
The Denver housing market remains a strong seller’s market, with less than a 2 month supply of homes at the end of November, according to DMAR. A balanced market is typically a 6 month supply of homes on the market.