Last month despite the negative press (nearly everyday) we sold 5025 properties. That is only 66 units less than August of 2005.  Our average price increase by $7k to $320,000.  At the same time our Median price decreased by $2k to $253,000.  What that means is we sold more lower end  homes, which in turn pulled the median down, a tad.

We have 18% more homes on the market than at the same time last year.  Considering the numbers from other parts of the country, WE ARE HOLDING OUR OWN!

All the REALTORS may not survive.  With 10,050 sides closing last month and 17,000 REALTORS licensed in the Denver Metro area, many did not have a payday last month.

 

Kristal Kraft Denver Realtor

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Kristal Kraft Sells Denver Real Estate

Broker Associate, ABR, CRS, GRI, ePRO, PMN, PNG
The Berkshire Group, REALTORS
3801 E. Florida Ave., Suite 400
Denver, Colorado 80210
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3 Comments on Denver Real Estate is NOT in the Dumps

SEP
15
2006
1 Featured Post

Interesting Kristal.

The Austin market is holding its own as well. We keep hearing about the market "slowing down" but it has not hit us just yet!

We are also flooded with Realtor graduates. It will be interesting to see how this all works out!

KRistin

10:09am • #1
550,593 Points 110 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

"The Lovely Kristal"

Just pulling up a Box to say Hi. This one was in need of a few comments. You know me...fill...a need when I can...even if it is just a Box!

"The Lovely Wife"...Kum La Ka Lakka...Roar!

1:24pm • #2
130,841 Points 21 Featured Posts

We are seeing similar stats here in Naperville. The doom and gloom hasn't hit the market (we have less than a 5 month inventory) but it is hitting the agents pocketbooks as the number of agents in town has increased by about 15% since the first of the year.

Longer market times are the norm...

2:26pm • #3


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Kristal Kraft ~Denver Real Estate~720-279-4599

Denver, CO

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The Berkshire Group Realtors

Address: 3801 E. Florida Avenue Suite 400, Denver, CO, 80210

Office Phone: (720) 279-4599

Cell Phone: (720) 279-4599

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Soapbox musings for and about Denver relocation and real estate.

Author Bio: Kristal Kraft is a Colorado Real Estate Broker specializing in relocation to and from the Denver Metro area. She is an amateur photographer, cyclist, golfer and enjoys traveling just for the fun of it!


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