Click here to see homes for sale in the Ruby Hill Neighborhood in Denver Colorado. I have compiled some vital real estate statistics for the Ruby Hill Neighborhood in Denver for September 2016 just below that will inform on the strength of the home market in the neighborhood.
What was the average home price in the Ruby Hill Neighborhood as of September 2016?
The average home price was $232,536 at the end of September 2015 and has risen to $254,150 at the end of September 2016, which is a 9.29% increase. This is however a 2.7% decrease from $261,213 at the end of August 2016.
How many homes sold in the Ruby Hill Neighborhood in September 2016?
11 homes sold in the Ruby Hill neighborhood during September 2016. This is the same as the 11 homes that sold in September 2016 and 6 houses less than the 17 houses that sold in August 2016.
How long did it take for homes to sell in Ruby Hill Neighborhood in September 2016?
The average days on market for a home in the Ruby Hill Neighborhood was 20 days in September 2016. That means after listing a home in the MLS it took 20 days on average for it to go under contract. This is twice what the average was in August.
How many months of home inventory are present in the Ruby Hill Neighborhood?
Months of real estate inventory is a measure of how many homes are available for sale compared to how many sell every month. For instance if 7 homes sell per month and 7 homes are available for sale, you would have exactly 1 month of inventory. Currently there 0.909 months of inventory in the Ruby Hill neighborhood.