Selling Residential Real Estate in Metropolitan Denver
The truth is that well positioned homes are selling in days. The chart is really reflective of the hard to sell properties. The market had a slight increase in available units for the first time since June of 2012 Inventory imbalance may act to hold back total sales Market times continue to lessen. Average prices [...]
Properties under $300K are selling as fast as they are listed. Even the upper end of the market is seeing a very active market. The reality is that some homes are selling before they come to the published market, so this statistic is suspect. Published inventory continuous to decline month over month. The only thing [...]
Properties over $600K are in a buyers market. The market is very aggressive under $400K. 2013 starts out with properties on the market for 25 days less than in Feb. 2012 The tiny green bars on the chart reflect the lowest inventory of homes in 30 years. We continue to sell more than we place [...]
January 2013 was the strongest Jan. sales month in recent memory. Price ranges below $600K reflect a buyers market. Available resale inventory lowest in 30 years. Strong Jan. sales portends a strong 2013. Average sold prices poised to exceed $350,000 in 2013 Fast sales can be expected all year.
6,000 more SFR were sold in 2012 than in 2011 Prices declined from the high in June, then started an unusual late year comeback. Days on market increased toward years end, but expect 60 days or less by April. Inventory continues to be historically low. Year over year sales increased 10 of 12 months in [...]
Positive Price Creep-more homes are selling at higher prices! Lack of inventory pushes prices higher. That and low interest rates. The seasonal sales decline isn’t declining much this year! Days on market are increasing as winter arrives, but still a sellers market! Average Sold Prices still very high, a great jump off point for 2013!
All prices ranges under $500K are now in a sellers market. The average days on market are slowly trending up, but this is a seasonal reaction. Average Sold prices remain high for the season, indicating the potential for strong prices in 2013. Available inventory is approaching crises levels Sales remain strong as the market winds [...]
Market strength is now reflected into the $500K + categories. Although it is still a buyers market in the upper price ranges, market resiliency is now apparent through the 2 Million range. The lack of inventory is, and will continue to slow sales going into 2013. The Denver market remains strong, with 2012 finishing as [...]
With 12 weeks or less or available inventory in the price ranges under $400,000, this entire market segment remains a sellers market. Although the average market is very low at 65 days, some properties are selling in days. Average sold prices remain strong in July. Total available inventory remains low, acting to push prices up [...]
The Band Chart indicates that the strength of the Metro Denver market continues to push up in value, with homes priced under $600 now in the sellers market category. No significant change in the low resale inventory is expected until the median price tops $325,000. The Metro Denver real estate market continues its strong showing [...]
Average Days on market continue to decline, the obvious result of strong sales and low inventory. As average prices increase, short sales and foreclosures will decrease. Average days on market has plummeted through the spring months, and will remain low during 2013. A slight increase in available inventory in May is associated with with the [...]
The “hot” market is moving up in value, with homes in the $400′s selling at a faster pace. The 15 day drop in average days on market is indicative of the pace of the market in Denver. The available resale inventory continues to be abnormally low, which is good for sellers. Total sales are on par [...]
63% of the Denver area market was under $400K. Days on market remains high, but will drop as the winter inventory is sold. Inventory remains very low, with contracts written almost equaling new listings. Homes sold jumped in March, almost equaling the tax incentive time in 2010. Average Sold Price has started its move up [...]
Key Economic Statistics The current real estate/economic picture in Denver remains positive for the individual home seller in the lower price ranges, but is becoming somewhat stressful for buyers. For the first time in years sellers are receiving multiple offers, and properties are receiving bids in excess of asking price. There is growing confidence that [...]
The Price Band Chart continues to show aggressive sales in the under $300K market. Investors and first time buyers are buying like mad. The available inventory continues to decline. Until values begin to recover, inventories will stay low. Sales remain strong because of low interest rates and considerable investor cash in the market. The average [...]
Colorado Real Estate License EC40043328
3801 E. Florida Ave., Suite 400, Denver, CO 80210
E-mail: help@tbgdenver.com
