While much is being said about Denver real estate trends, the statistics are not looking all that bad.  As of March 2008:

  1. While the combined average price in the Denver Metro area is $21,000 less than a year ago, the drop in values began to level off from February to March this year with a loss of only $1300.

  2. The total available inventory for sale decreased 3.46% from the same time last year.  With builder inventory at the lowest in recent history, sellers can expect values to begin increasing soon.

  3. The Absorption Rate dropped considerably from February, down 6.4 weeks, with the average days on market receding to 111 days from last March’s 119 days.

  4. The Median Sold Price increased to $224, 900 in March. The February median was $221,500.

  5. The total number of all homes and condos contracted for sale was 5,874 just 246 less than March 2007 total of 6,122.  Sales are still strong.

  6. The national average 30 year fixed mortgage interest rate as reported by Freddie Mac was 5.88% on April 10. The 30 year rate has held steady under 6% for the last 30 days.

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