It’s going to be close! After eleven months, total Northern Colorado home sales have broken the 10,000 barrier for the first time since 2005 and we are within sight of the record of 10,845 sales set in 2004. We need 749 closed sales in December to break this record and we should come close. It would have been easier with a better November which was a little disappointing with just 761 sales, a very slight improvement over the 743 sales from November last year. Typically December sales are lower than November so the 749 figure is going to take some work but we are assured of a substantial increase over last year and we will be close to the all time record.
The average selling price is up 7.1% for the year and the total volume of $2.56 billion is up a staggering 25.3% from last year and has already exceeded the previous record of $2.53 billion for the full year of 2005 - that's plenty of increased equity for Northern Colorado Homeowners.