Real Estate & Construction  January 23, 2015

Despite low inventory, home-sales numbers amaze

Smashed” isn’t exactly the word for a modest 2.4 percent increase, but considering it is on top of a 15.7 percent record-setting increase in 2013 sales, this further 2.4 percent increase to 19,154 home sales in 2014 is unprecedented. Coupled with a 6.4 percent increase in the median home price, the total volume for 2014 was $6.23 billion – the first time sales have broken $6 billion mark, and an 8.2 percent increase from 2013.

All areas racked up higher selling prices, ranging from a 12 percent jump in Broomfield County to 5.5 percent in Boulder County,…

Sign up for BizWest Daily Alerts
Closing in 8 seconds...