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DENVER REAL ESTATE MARKET UPDATE - JANUARY 2012

 
Market Metrics:
 
The name of the game as we enter 2012 is INVENTORY! Take a look at these numbers for 2011, and you will see many categories were very similar to 2010, but the inventory numbers are the first signs of the changing market!
 
Active Listings inventory continues to decline 13% month over month and 40% year over year.  Under Contract activity and Closed Transactions activity remain at seasonal levels with a continual decline month over month.  The New Year starts with renewed hope that 2012 will be better than 2011 and the indicators are pointing that way.
 
December Monthly Market Recap:
 
Days on Market:
By definition, Days on Market is calculated as the number of elapsed days from the original listing date to the status change date.  Therefore if a home is listed for sale on January 2nd and the seller(s) accept an offer on January 22nd, the Days on Market for this property is 21 days at this point in time. 
Days on Market is one of several metrics that are used to follow the market trends.
 
Remember - Real estate is local.  While the above is a representation of the Denver ... more

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