Denver Market Report - December 2011
Denver’s real estate market has been very good over the last few months, and is evident by the numbers. December's inventory is low, especially in the condo/townhome sector.
Sellers are beginning to put their homes on the market, and homes are going under contract fairly quickly. We are having a mild winter with warm days for previewing homes. Pending status means a bank or 3rd party has given verbal approval, but has no written approval. We are seeing more and more Denver short sales getting approved, and in a quicker time frame. It is nice to see a .36% increase in home prices (for both residential and multi-family).
Of the Denver residential listings currently there are 956 short sales available and 698 bank foreclosures. Of the Denver Condo/Townhome listings, there are 225 short sales and 199 bank foreclosures.
Interest rates are below 4%, and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.