Latest statistical news from Altos Research indicates a very positive trend in the Median Price for Denver, Englewood and Littleton!. The chart below indicates an upward trend since about April 2008 (didn't I report that here and here?). Well it is so folks, perhaps Denver metro will lead the country out of a real estate recession!

All in favor...say "I"

Asking prices fell at the fastest rate in Las Vegas - down 3.3% during November - and 6.9% over the most recent three-month period. This marks the eighth consecutive month that Las Vegas has posted the fastest rate of declining prices among major markets. Listing prices rose at the fastest rate in Houston - up 2.4% in November. Denver, Dallas and Houston are now the only markets showing three months of sequential price increases. Mike Simonson ~ Altos Research

FYI ~ Denver stats include all ZIP codes in Denver County.  Littleton also includes the ZIP codes in Highlands Ranch and Lone Tree. Englewood ZIP codes include Greenwood Village (aka DTC - Denver Tech Center).

Inventory in these areas is decreasing. Of course this time of year we see seasonal decreases in inventory and of course last month was chock full of bad news. Just the same, inventory decreases are a positive sign.

Properties are being absorbed at a steady rate in Englewood and Littleton. Denver has seen a more significant drop in comparison, but not drastic.

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