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Metro Denver Real Estate Market Statistics - November 2011
Denver Real Estate Market Report The Denver Metro real estate market statistics are in and the news continues to get better. Inventory of homes on the market is at the lowest since we can recall. Officially we have 36.36% less homes on the market than at the same time last year. The average sale price is down 1.96% from the same time last year. Considering how hard hit other parts of the country have been, this is good news for Metro Denver. We are selling homes, in fact depending upon which area we are selling at a rate of 20-26% of the inventory each month. Not all areas are experiencing this rate of sales. The mountain properties in Conifer, Bailey, Pine and Mountain Jefferson County continue to see 49+ weeks of inventory, making those areas an extreme buyer's market. Knowledge is power, knowing what the market is doing is the first step. The easily read band graphs provide the following information: Number of Sold Properties in each MLS region Number of Active Listings Number of weeks of inventory Average Sold Price Average Days on Market (DOM) Note the color coded band that indicates what type of market each area is typically ... more

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