Metro Denver Real Estate Trends
Knowledge is power, knowing what the market is doing is the first step in a successful real estate transaction.
The easily read band graphs provide the following information:
- Number of Sold Properties in each MLS region
- Number of Active Listings
- Number of weeks of inventory
- Average Sold Price
- Average Days on Market (DOM)
The band chart of Southwest Metro Denver encompasses both close -in suburbs, the foothills and Mountain communities of Denver Southwest, Douglas County West, Jefferson South, Jefferson South Central, Mountain Conifer Pine, Mtn Evergreen North, Mountain Evergreen South and Mountain Jeffco Central.
Metro Denver Southwest area has seen improvement since last month. The mountain areas have all risen out of that red zone. More homes sold, but at a lower average price than last month. Typical of a soft market the sellers who must sell are making adjustments in price. The weeks of inventory is dropping, as is the average days on market (130 DOM). In December Southwest Metro Denver Region sold 20% of listings on the market at 395 units.
Questions about your neighborhood? Need more specific data on your home for either purchase or to sell? Feel free to call for more in depth reporting. Kristal Kraft 720-279-4599 I welcome your call.
Based on information from Metrolist, Inc. for the period of December 2011. NOTE: this representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.