Denver Market Report - October 2011
October's numbers are out for the Denver Real Estate Market! Inventory is very low 
especially under $200,000 price point! Denver is seeing more short sales are getting approved in a shorter time frame. This data is for the entire Denver Metro area. Entering into the cooler time of year and the Holiday season, showings have slowed down considerably, which is very typical. We are seeing the buyers viewing properties are making decisions.
The amount of active listings have continued to decrease, as October 2010's market report showed an increase of 12.75. The difference between Pending status and Under Contract is the bank has given a verbal approval for an offer, but has not issued a written approval. This status is continuing to improve, and the distressed property is starting to decrease.
With buyers having less to choose from when viewing properties, the days on market have decreased, and on occasion are finding multiple offers on properties. It is nice to see the condo prices increasing again. During the 2008 housing crisis, condos and townhomes took the biggest decrease in pricing and now is slowing increasing each month.
Interest rates are hovering around 4%, and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.
Comments(24)