Once again, our Denver market shows improvement. The total properties sold went up 14.6% compared to this time last year. Our average days on market was 104 days. Keep in mind – this varies greatly from price range and neighborhood. I am seeing properties going under contract in less than a week, and in some cases multiple offers. In speaking with other Realtors, lenders, appraisors, and those active in the market saw a huge change just after the first of the year. Alot of this has to do with the incredibly low interest rates. Our inventory continues to be incredibly low, now with only 10443 active listings. Whats this mean – LESS competition if you are thinking of selling. Our average sales price for Jan was $248,000.00
For a pdf version of the report, click here: January 2012
Lori Vialpando's Blog 