Denver Market Update for April, 2014

Denver Band Chart resized

Home sale prices have increased dramatically since last March, whereas only 18% of the sales were in the $400-$499 price range, this year 34% of the sold homes have been in that price range. The National average inventory is showing just over 5 months, but Metro Denver is just over 2 months.  The major stumbling […]

Denver Market Update

Jan Band Chart

The market starts 2014 strong in all price ranges, with only $700 to $900K showing weakness The Denver area inventory is well below the national averages as shown in this graph.

Denver Real Estate Market Graphs for October, 2013

Denver Band Chart

Over 1/2 of all homes priced under $400K are selling in every 30 day period. As the year draws toward a close, the days on market are increasing slightly, but no where near a buyers market. The Average Sold price is holding steady, but expect a normal decline in January. Active inventory exceeded 2012 for […]

Denver Real Estate Market Graphs for September, 2013

Denver Band Chart

Status Quo except for an increase of activity in the 1 -2 M price range. Inventory will remain low during the winter months, but will begin to increase in the spring, at least to 2012 levels. Sales volume remains strong, well ahead of previous years,with only a slight decline in prices. Detached homes prices are […]

Denver Real Estate Market Graphs for August, 2013

Denver Band Chart

Remains a sellers market below $800,000 The Average price has begun the normal seasonal decline, but the decline is minimal to date. Inventory should begin the seasonal decline before an expected upward swing next March. Closings remain high, pointing to the best sales year in the past half decade. Days on market increased from the […]

Denver Real Estate Market Graphs for July, 2013

Denver Band Chart

By price, most of the market under $900K is a seller’s market. While inventory has crept up to 10K units, Metro Denver has an inventory shortage. Sales continue to outpace the past 5 years for any given month. The average sold price peaked in June, and is now in the normal seasonal decline. In many […]

Denver Housing Market Update for July, 2013

Denver Market Update for July 2013

Denver Real Estate Market Graphs for June, 2013

Denver Band Chart

The 1 to 2 million $$ market has really come to life in the past 90 days. The average is sale price is now at the previous 2006 peak. In many cases, time on market is measured in hours, not days. While the available inventory is peaking as is normal for the summer months, the […]

Denver Real Estate Market Graphs for May, 2013

Denver Market Band Chart

Over 80% of the price bands show as a sellers market. While days on market has shown a decline in 2013, a leveling will begin to occur as inventory increases. A slight rise in inventory will begin to act as a brake on the market. It has been 7 years since we have seen homes […]

Denver Real Estate Market Graphs for April, 2013

Denver Housing Band Chart

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 […]

Denver Real Estate Market Graphs for March, 2013

Denver Real Estate Band Chart for March 2013

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 […]

Denver Real Estate Market Graphs for February, 2013

Denver Housing Market Band Chart

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 […]

Denver Real Estate Market Graphs for January, 2013

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.

Denver Real Estate Market Graphs for December, 2012

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 […]

Denver Real Estate Market Graphs for November, 2012

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!