Denver is #9...and IMPROVING!!!

Denver is #9...and IMPROVING!!!

One of the benefits of being one of my clients is that you get the latest "Daily Dirt" about the local real estate market...well before the rest of the crowd. Those of you who are my active clients know that I have been seeing the local real estate market data improving for nearly 1 year now. In fact, I made the statement that Denver is breaking loose as a Seller's Market. That statement was based on:

A continually dropping Months of Inventory (MOI) of homes for sale in the Denver MLS
Increased competition for foreclosure homes.
A consistently dropping inventory of competing new homes.

Well, those factors have contributed to Denver being identified in a national article as the "No. 9 of the Top 10 Seller's Markets".

Reporter Matt Woolsey stated about Denver:

No. 9: Denver

After significant overbuilding during the last three years, the rate of tightening for the Denver market was good enough to land it second in that measure. Add a middle of the pack ranking of in its sales rate to inventory and it's safe to suggest that Denver may not be a fully developed seller's market, but that it's headed in that direction. [emphasis added by this author]

We'll keep you updated about how this develops. Click here to see the worst markets for sellers. Click here to see the worst markets for sellers slideshow.

Posted by Michael Clarkson on 02/15/2008 09:14 PM

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real estate, denver, market report, clarkson, milehighhomehunter, video update, market condition, sell, buy, rent

This post has been included in Colorado Information Denver County, CO Information

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Real Estate Agent: Michael Clarkson (Mile High Home Hunter Realty)

Michael Clarkson
Erie, CO
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Mile High Home Hunter Realty

Office Phone: (303) 317-2478
Cell Phone: (303) 332-6393
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Michael Clarkson is a licensed real estate broker in the State of Colorado. He is a top-producing broker, featured in the National Realtor® Magazine three separate times -- showcasing his top-tier lead-generation capability. Michael is a licensed Managing Broker, and a GRI (Graduate Realtor® Institute). He is also a partner in the firm, Cash Path Real Estate LLC. Michael has an MBA in International Business from Regis University in Denver and has worked in Sales and Marketing for 20 years.

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