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DENVER REAL ESTATE MARKET UPDATE - DECEMBER 2011

 
Market Metrics:
 
The inventory of active listings at November month end hit a new low at 12,634 units, a decline of 11% month over month and 37% year over year.  Buyer demand continues steady at a seasonally adjusted rate for the holiday season.  Declining supply and steady demand could indicate that we are poised for firming prices in the next six months.
 

 
Monthly Market Recap:
 
Average Price versus Median Price:
By definition, Average price is derived by adding all of the individual home sales prices to get a total sales volume ($) for the period.  The total sales volume ($) is then divided by the number of sales transactions which results in the Average Price.
By definition, Median Price is derived by ranking the highest individual home sales price to the lowest individual home sales price.  The point where one half of the transactions are either above or below this price is known as the Median Price.
Real estate is local.  While the above is a representation of the Denver market as a whole, please contact me to better understand your specific real estate market.
 

Advice to Sellers:
Don’t wait until Spring ... more

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