Folks: I was developing some information for a client about the market in Denver. I wanted to share the market composition with you as well. I would note that the $200k to $300k is the market sweet spot right now, with 4.7 months of inventory. However, as those folks buy up - and statistics indicate they move up 50% in price - the $300k to $400k market should move more in the intermediate term. | Based on information from Metrolist, Inc. as of March 2, 2008. | | Single Family Residences Only | | Excludes Housing Not Listed in MetroList |
Listing in the Denver MLS |
As of March 2, 2008 |
Price Range | Active | % of Market | Sold in Past 12 Months | Sold Per Month | Months of Inventory |
$ - | $ 100,000 | 1,776 | 8.69% | 2,291 | 191 | 9.3 |
$ 100,001 | $ 200,000 | 4,932 | 24.12% | 10,824 | 902 | 5.5 |
$ 200,001 | $ 300,000 | 4,726 | 23.11% | 11,962 | 997 | 4.7 |
$ 300,001 | $ 400,000 | 2,824 | 13.81% | 5,995 | 500 | 5.7 |
$ 400,001 | $ 500,000 | 1,669 | 8.16% | 2,764 | 230 | 7.2 |
$ 500,001 | $ 600,000 | 1,006 | 4.92% | 1,542 | 129 | 7.8 |
$ 600,001 | $ 700,000 | 773 | 3.78% | 839 | 70 | 11.1 |
$ 700,001 | $ 800,000 | 572 | 2.80% | 530 | 44 | 13.0 |
$ 800,001 | $ 900,000 | 414 | 2.02% | 384 | 32 | 12.9 |
$ 900,001 | $ 1,000,000 | 311 | 1.52% | 219 | 18 | 17.0 |
$ 1,000,001 | No Upper Boundary | 1,443 | 7.06% | 770 | 64 | 22.5 |
Total | 20,446 | 100.00% | 38,120 | 3,177 | 6.4 |
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
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