Denver residential homes in February of 2008 had an average sold price of $278,871. This represents a 4.54% drop as compared to the same month in 2007. The average time it took to sell a home in Denver dropped from 123 days in Feb. 07 to 111 days in Feb. of this year.
In Feb. 08 there were 25,037 active home and condo listings on the market in Denver. This represents a .8% increase from the same month one year ago.
Last month 5,126 buyers wrote acceptable contract offers on Denver area homes and condominiums. This represents an increase of 12.66% in accepted contracts than there were in January. It is also a 4% increase in buyer activity as compared to February of 2007. So, more buyers are out there finding homes this year than last year. My prediction is that we have seen the bottom of the decline and 2008 will prove to be better than 2007 in the numbers of homes sold.
You might as well consider buying now too – before the prices start to go up.
In Feb. 08 there were 25,037 active home and condo listings on the market in Denver. This represents a .8% increase from the same month one year ago.
Last month 5,126 buyers wrote acceptable contract offers on Denver area homes and condominiums. This represents an increase of 12.66% in accepted contracts than there were in January. It is also a 4% increase in buyer activity as compared to February of 2007. So, more buyers are out there finding homes this year than last year. My prediction is that we have seen the bottom of the decline and 2008 will prove to be better than 2007 in the numbers of homes sold.
You might as well consider buying now too – before the prices start to go up.
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