Friday, February 8, 2008

Denver's Real Estate Market Is Changing

Metro Denver saw a 33.8% increase of homes placed under contract in January of 2008 as compared to December 2007. (4,550 in January 08 v. s 3,401 in December 07.)

Denver home sales also showed a significant six percent increase in numbers of sold properties last month as compared to January of 2007. (Jan. 08 = 4,550 v. s. Jan 07 of 4,292 properties under contract).


It looks like buyers have decided that it is the right time to start buying Denver area real estate.

January active listings for houses and condos came in at 24,489.

January total under contract showed up at 4,550 homes.

January Sold and closed listings were reported at 2,897 properties.

January average days on market was 114 days for the metro Denver area.

January Sold Prices for metro Denver for homes and condos was $256,569.

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I have been helping buyers and sellers with their housing needs for the past 30 years. I look forward to assisting you too. Feel free to call or email me.
Bill Kosena, ABR, CRS, SRES - 303-796-0957

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