Again, we continue to see positive data on Denver homes for sale. Yesterday, Metrolist released it's April Data and in every category, the year-over-year numbers showed strong improvement. In fact, the only number that was down was inventory - part of the reason many of the other numbers (sales price, sold homes and pending contracts) were up.
From the Denver Business Journal:
Metrolist Inc.released its April data Thursday — and every category showed year-over year improvement. Inventory was down, sales were up, average sales price was up and the number of pending contracts increased in double digits.
The inventory of homes and condos available for sale held steady from March to April at 10,254, but that’s a steep, 37 percent decline from April 2011.
“We continue to see tight inventory in the market, which means there is about two-to-three months of supply available,” Kirby Slunacker, president and CEO of the Greenwood Village company, said in a news release. “Conditions are favorable and we continue to look for signs of improvement such as continued price appreciation.”
Since the 4th quarter of last year we've been reporting on our blog all of the positive numbers in the market for Denver homes for sale. Demand continues to increase, the number of Denver foreclosures for sale continues to decrease and the current inventory continues to be 30%-40% below last year's numbers.
All of these factors are contributing to the slow, but steady, recovery for home prices in the Denver area. With interest rates still below 4%, there is still time to get a great deal, but the market is definitely swinging from a "Buyer's Market" to a "Seller's Market."
If you'd like more information on Denver homes for sale, Denver foreclosures, Denver HUD Homes or have more questions, give our team of experts a call at 303-726-1874.