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Home Sales Increase in the Denver Area from November to December, 2008
The number of houses sold in 2008 in the Denver area was off 6.47% from 2007.  An interesting piece of data to consider is that December of 2008 had 2772 homes closed and November 2008 had 2602 homes closed.  This is the first time in 6 years that December outperformed November in the number of homes sold.  December 2008 homes sold total was only 22 units short of the 2794 homes closed in December of 2007.  The real trend to watch is when a year over year sold data increases for each month.  The Denver market will become a resurging market when you have a current month outperform the sold data from a previous year.  A trend is a full 3 months in a row of increasing sold numbers, year over year.  We, at Prestige Real Estate, LLC, suspect that the number of sales for 2009 will start to outperform the number of sales for 2008 each month starting early in the year. 
The rest of the story about an improving Denver market is about the listing inventory which is at a low not seen in 6 years.  The current homes that are active on the market as of Jan. 6 ... more

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