Optimism prevails in Denver Real Estate

Posted by kristal on November 28th, 2004

November statistics are coming in looking better than they have in awhile.  November saw the largest number of homes sold; 2,731 houses sold in 2004 vs. 2,074.  The years to date numbers are ahead by 11.8% for properties sold in Denver metro market.

Average prices are above last year; Single Family (detached) this year are $289,891 vs. $278,190 for 2003.  Condos rose more significantly to $180,701 this year to $174,657 last year.

Industry leaders have a variety of opinions as to why the market continues to rise. The continuing low interest rates are responsible for much of the activity. Another factor that seems to be playing a part are couples divorcing prefer to jump back into a home rather than rent.  So what was one household now becomes two, doubling the score without increasing the population. Once again low interest rates factor!  Many homeowners view the low interest rates as a great opportunity to move up or down size.  In any event the Denver real estate market continues to drive the local economy. 

Home ownership is a good club in which to be a member.  Buy Sell Denver Homes

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