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Real Estate Market Update for January 2009
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 Denver Real Estate Agent specializing in relocation, first-time buyers, home property values, residential home sales, Denver Colorado Real Estate & MLS/IDX Listings, single family homes, condos, lofts, short-sale, foreclosed, bank-owned & investment properties.  Providing professional & trustworthy real estate services to buyers & sellers throughout the Denver metro area including Arvada, Brighton, Broomfield, Denver, Golden, Highland/Sloan's Lake, Highlands Ranch, Lakewood, Louisville, Longmont, Thornton, Westminster, Wheat Ridge, Adams County, Denver County, Douglas County & Jefferson County in Colorado.
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