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"
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.
Altos Research provides real estate statistics sliced and dices just about any way you like. If you are interested in a report of a different nature, please let me know and I will see what I can do for you. Alternatively, I now can offer weekly, up-to-date market stats by subscription (FREE) for the Denver metro area. If you are curious about a specific zip code, please feel free to sign up. Once you provide an e-mail address, the report is sent immediately!