Commentary: The effects of low inventory (homes currently for sale in the MLS System) in the Metro Denver real estate market continues to support strength in valuation and the low inventory had little effect on the total sales increasing in September by 5.9% over the same month last year. The average price increased by 4.22% […]
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 […]
Commentary – The lack of inventory eased again in July and, with the seasonal slowing, available inventory is somewhat less critical. While the available published inventory is very low, there continues to be verifiable instances of properties being sold inside brokerages without being made available to the general market. As we are concerned here with […]
Commentary – The lack of inventory eased somewhat in May, but remains critical. Maybe. While the available published inventory is very low, there continues to be verifiable instances of properties being sold inside brokerages without being made available to the general market. As we are concerned here with the public data, the only comment is […]
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 […]
For the past 5 years the media, and many people who should know better, have been flapping their gums about a housing crises. Somewhere in the misty past, this column mentioned we did not have a housing crises, but rather a financial crises that affected housing. So, with resale inventory plummeting around the United States, […]
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!