Several key indicators in the Denver real estate market for the month of September are suggesting improvement. As the graph below outlines, there is an increase in closed residential sales year over year; a decrease in absorption rate compared to September of 2010; and a decrease in active listings. These numbers all bode well for home sellers. On the flip side, there was a 3.4% decrease in the year over year average sold price in Denver, which is $280,289. Condo’s prices actually did show a 3.3 % year over year improvement – the average sold price is now $159,980.
Click Here for Total MLS Sales Statistics - this link will explain the market statistics in your particular Denver geographic area.
Thank you to Jim Renshaw at Land Title for compiling these monthly Denver real estate reports. Please contact me if you are interested in learning more about how your home is faring in today’s market.Michelle Potter, Realtor in Denver
5280 Magazine "5 Star Denver Real Estate Agent"