Denver Housing Market Is Improving!

After my recent analysis of June's Residential Sales statistics, I'm excited to tell you the Denver Housing Market Is Improving!!

In June 2010, prices were up almost 10% from May 2010, and up 5.67% over June 2009.  For Sellers, this is welcome news!!  With prices up significantly, it's a strong sign that we're well on our way to recovery.  Other good news for Sellers from June is that the average Days On Market dropped almost 20%!  If you know someone who wants to sell their home for a higher price & more quickly, this is the time!!

The Denver Housing Market Is Improving for Buyers, as well.  With Interest Rates hovering at 4.5%, this is the best time in our lifetimes (or, for some of you, at least since the GI Bill came out after World War II) to purchase a home and leverage your investment.  These historically low rates won't last forever, and Buyers have a great opportunity to lock in these great rates for the long term.

Other good news for Buyers on how the Denver Housing Market Is Improving is that there were 9.8% more residential properties available in June 2010 compared to June 2009.  With more choice, you're more likely to find that perfect home!!

If you or someone you know has been sitting on the fence or trying to "time" the market, it's time to act!!  These incredibly low interest rates won't last long!!  We expect a significant increase in demand for decent properties in the next month or so. 

Contact John Basila, Littleton Realtor, for information on how he helps Buyers and Sellers achieve their dreams.