| Denver Real Estate

Denver Real Estate – Market Statistics

The Denver real estate market continues to show year over-year momentum as the number of single-family homes sold in February increased by 11.75% from the previous February. While month-over-month comparisons were down by a mere .75%, additional indicators — such as decreasing days on market –showed noticeable improvements in both year-over-year and month-over-month categories.

Denver condo/townhome sales also improved during the same time frame by 12.6% with a month-over-month increase of 8.39%. The average days on market decreased from February of 2011 by 21.71%. Condo/townhome average prices increased by 21.71% from a year ago, to the $161,143.

Denver Residential Statistics by Price Point:

This price band chart captures where the activity is occurring. When priced properly, the under $299,999 sector is moving quickly. This movement, combined with the ridiculously low inventory (down 41.89% in combined condos and single family homes from a year ago) make it an opportune time to sell a property in this price point.