Here is the September 7-county MLS Sales Report courtesy of REColorado and SMDRA.

• 6,187 properties exchanged hands last month, this was a 25.3% increase from last September and a whopping increase of 44% from October 2018.
• Closings for both detached and attached homes were both up roughly 25% last month year over year.
• Homeowners listed 6,439 new properties for sale last month, an increase of 8.8% from last year.
• New listings of attached homes surged upward by 15.6%; while new listings of detached homes only rose by 6.1%.
• Buyers placed 6,302 properties under contract last month, a big increase of 28% from last September and a huge increased of 48% from October 2018, back when mortgage rates were near 5%.
• We ended September with only 4,924 properties for sale or only 0.79 months of inventory.
• Average days in market dropped by 9 days to just 23 days last month.
• Median days in market plummeted by 10 days from 16 days in market to just 6 days in market!
• Median days in market was just 5 days for homes priced from $300k to $500k.
• The average closed to original list price year over year was at 99.4%, up from 97.3% last year.
• The average sales price of all homes sold was $524,292, a big increase of 12% or $56k from last year.
• The average sales price of a detached home rose 12.9% or an amazing $67k to $580,186.
• The average sales price of an attached homer rose 8% to $379,943.
• The median sales of all homes sold last month was $450k up 9.8% or $40k in the last year!
• The median price of a detached home that sold was $495k, an increase of 11.9%.
• The median sales of an attached home was $330k, up 8%.

Here are some year to date numbers thru September-

• New listings-56,516, the 2nd highest total in last 5 years.
• Under contracts-50,014, the highest total in last 5 years and an increase of 6% from the second highest level in 2019.
• Closings-45,457, the highest total in the last 5 years and up 2.8% from last year.
• Average closed price year to date is $501,631, an increase of 5.7%.
• Median closed price year to date is $439,900, an increase of 6.5%.