Like other areas in the nation, Aurora, Colorado is experiencing a favorable shift in the real estate market. When we take a look at its snapshot, we see some wonderful stats that show that Aurora is in a housing recovery. Let’s take a look at a few comparisons.
Currently, the total number of homes on the market is at 563 homes. This is an increase of 8% from March 2013 when the total inventory was reported to be 521. In April 2012, the total inventory was at 764 homes.
The median home list price is currently $237K. This is a decrease of 5% from March 2013 when the median list price of homes was $249,950. Looking back to April 2012, the median list price was at 239,900.
Homes are selling faster; the average days on market (DOM) in April was 16 days. This is a 30% decrease from the previous month with days on market at 23.
The median house size is currently at 1,864 square foot. This is a drop of 7% when the median home size was at 1,999 square foot. When compared to a year ago, there a decrease of 13% when the median house size was at 2,133 square foot
The median price per square foot is currently at $121/sq. foot. This is up 1% from the previous month when the median price per square foot was at $120. A year ago in April the price per square foot was $111/sq. foot.