Here are some recently compiled market stats for February 2008. My market area is the South Metro Denver cities, including Denver, Centennial, Greenwood Village, Cherry Hills Village, Englewood, Littleton, and Highlands Ranch. So the stats will be limited to these areas.
Big Picture (Covering the Entire Metro Denver Area) The figures are for single family residential properties only, and Do NOT include Condos, Land or Commercial data.
Total Closings for the Month: 2342, Down 2.9% from 2007
Average Days on Market: 111, Down 11.2% from 2007
Active Listings: 19,067, Up 4.2%
Average Sold Price: $278,871, Down 4.5%
South Suburban Central & South Suburban East MLS Market Areas (This data covers the majority of Greenwood Village, Cherry Hills Village, Englewood, Littleton, Centennial, south Aurora, and un-incorporated Arapahoe County.)
Total Closings for the Month: 167, Up 19.2% from 2007
Average Days on Market: 109, Down 3.6% from 2007
Active Listings: 1256, Up 14.2%
Average Sold Price: $399,920, Up 1.6%
The conclusion is, activity is on the rise! Properties are still being sold, and in the South Metro Denver area, they are selling quicker, for more money than last year!
My opinion is our market is on the rebound, and we have in fact seen the bottom! We will know much more come May of this year when the selling season starts in earnest.
Check out the Full report at http://bloghomedenver.com/2008/03/10/market-stats-feb-2008/
For more information contact the Get Home Denver Team.
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