Highlands Ranch Colorado market update

How did Highlands Ranch do in September? Highlands Ranch finished September very strong relative to all of the "Sky is Falling" news in Real Estate lately. Our average price for a sold home in Highlands Ranch and Lone Tree combined increased quite a bit from the end of August. We started September at about $343k and finished at about $383k. Although we had fewer sales in September than we did in August, that is a typical seasonal pattern. I generally help home sellers understand that when the number of new listings decreases at the same time the number of under contract homes increase-- it's a good time to list their home to sell. That happened twice in September in Highlands Ranch. The second week of September we had a good dip in new listings while 3 weeks in a row our new under contracts increased over the previous week in September and even beat August's performance. In fact, the number of new listings for the week ending 9-30 was the lowest increase to inventory since early summer! If the number of new listings continues to decrease we'll have to start calling this a neutral market instead of the Buyer's market that is on everyone's lips. Overall the total level of inventory is about the same level it was at the end of July. Interestingly, the average list price is up quite a bit and very close to the highest level of the year! This could explain the end of the trend of more and more homes under contract. Overall, Highlands Ranch continues to exhibit very typical Supply and Demand traits. The market is very fair right now and those who are willing and able to consider and react to all of the facts are getting very reliable results. This analysis is based upon my ongoing research and is provided as a summary of the entire market in Highlands Ranch and Lone Tree. This post was created almost exclusively from Metrolist (MLS)facts. I also track and provide information on individual neighborhoods. Neighborhood information is much more valuable, frequently has significantly different trending than the overall picture and I'm happy to share it with you free and with no obligation. Let me know where you'd like me to focus and I'll put together a very comprehensive analysis that is easily understood and helpful. Logon to http://www.myhomebuyingresource.com, send me your e-mail address and I'll respond promptly. Thank you.