denver housing market update: Real Estate Market Update for January 2009
- 02/21/09 09:09 AM
Overall Denver metro area closed residential and condo transactions where down by 17% when comparing Jan '09 to Jan '08. The average sold price dropped to $230,878 a 17.9% decrease over this time last year. The good news is that inventory is remaining low compared to last year and number of new listings is down by 22%. The average days on market was 99, a decrease of 12% and absorption rate in Denver real estate market showed a slight decrease to 7.7 months. -anthony _____________________Anthony Rael & Assoc.Metro Brokers Arvada-Northwest12191 West 64th Ave, #210Arvada, CO 80004(303) 524-3990www.anthonyrael.com _______________________________________________________________________Anthony Rael is a … (0 comments)
Anthony Rael, anthonyrael.com, Denver Colorado Real Estate. Educating buyers & sellers on what's happening in the Denver Colorado Real Estate market. By empowering my clients with the knowledge to make educated real estate decisions - they will be better equipped to maximize your investment, secure your future and realize the home of their dreams.
Overall Denver metro area closed residential and condo transactions where down by 17% when comparing Jan '09 to Jan '08. The average sold price dropped to $230,878 a 17.9% decrease over this time last year. The good news is that inventory is remaining low compared to last year and number of new listings is down by 22%. The average days on market was 99, a decrease of 12% and absorption rate in Denver real estate market showed a slight decrease to 7.7 months.
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