Littleton’s real estate market is picking up, and like other areas in the US, it looks as though now is the ideal time to buy.
Littleton Real Estate Market Trends - April 2013
The total inventory of homes on the market in April 2013 was 315 homes. This is a drop of 2% from March 2013 when the figure was 321 homes. There is a decrease of 45% from April 2012, when total inventory was 572 homes, indicative of lower invetory of homes currently on the market as is seen across Denver area.
The median home listing price in April 2013 was $404,500. The median price was 1% different from March 2013. It is quite typical to see very small changes month to month. However, looking April 2012 figures, there is a jump of 18%. The median price in April 2012 was $344,000.
The median days on market (DOM) was 19 days in April 2013. This is down 17% from March, when the DOM was 23 days. When compared to April 2012, the days on the market have decreased 39% to the current low figure. In April 2012 the DOM was 31 days.
The median house size in April 2013 was 2,733 square feet. In March 2013 the median square footage was 2,776. Looking back to April 2012, the figure was very similar. There is only a 2% increase. In March 2013 the median square footage was 2,677 square feet.
The median price per square foot in April 2013 was $154 psf. This figure is up 5% from March, when price per square foot was $147. Comparing to April 2012, there is an increase of 13% at $136 psf.
Overall, the Littleton housing market is experiencing some very favorable trends. All indicators point to this being the time to buy