Denver Sales Stats for February 2011
The Denver sales stats for last month are out, and the figures state -
Inventory of active listings is DOWN
Pending sales are way up, so more bank owned and short sales are U/C
Under contracts are down, meaning regular sales offers are down
Sold properties are down for February over a year ago
If you would like information on your neighborhood sales, please call me.
Frank, once a month the monthly City stats are posted, and always nice to see how they compare from the month prior!
Ginny, our year is still starting out slow I feel, with buyers looking at EVERYTHING before they make an offer, and then they want the BEST DEAL! I agree!
Joan, Great snapshot on what the Denver market is doing. I am seeing more activity these past few weeks. Hopefully that is a sign of the times.
Belinda, I think there is more activity as well, just not as many OFFERS...I got a couple stupid ones!
Joan, that's a great idea to post monthly statistics for your Denver real estate market! It's the best way to track the direction your market is headed and it's wonderful to see your active listings inventory is down from last month! :)
Joan, This is a great presentation on activity in the Denver market. It's good information for buyers and sellers, educating them about current neighborhood trends!
Joan - we have been really busy for the last 2 weeks; but our Feb numbers were down. Looks like the Denver market is a mixed bag right now. I think the market is in a flux state -- we'll have to see where we land in a few months.
Leilani, inventory is definitely down, there were times I could find MANY more listings to show to a client!
Larry & Sheila, it is good to do these for the public to let them know where the market has been!
Toni, it is still difficult to see if we are heading in an upward direction.
Joan, do you think perhaps some sellers are waiting until the Spring for nicer weather to list their homes for sale? Just curious. :)
Leilani, I have been on MANY listing appointments where the seller's bottom line is negative, and they cannot or will not bring money to closing. With a flat market for the last few years, if they have refinanced, or have not lived in the home for 6+ years, there is a good chance, the bottom line is negative!
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