Denver Market Report - June 2012
The Denver real estate market is enjoying a seller's market in many parts of town, showing less than 90 average days on market . The inventory was down 39.39% in June for both single detached family homes and multi-family, which is creating multiple offer situations especially with homes showing well and priced correctly.
With multiple offers come some contracts falling out, and homes returning to the market. With offers increasing above list price buyer feel they paid too much and sellers feel they listed their home too low. Many times the appraisals will come in lower than contract price.
Information courtesy of Metrolist
Denver active listings are getting showings very quickly once on the market, and getting offers quickly in the lower price points. If you have thought about putting your home on the market, call me and we can talk about your options!
Of the current active short sale listings (detached homes) from $0-$400K, there are 5428 listings, 3034 available from $401,000-$999,999 and 840 available over $1,000,000+.
Of the current bank owned properties (detached homes) from $0-$400K, there are 288 listings, 40 available from $401,000 to $999,999 and 11 available over $1,000,000.
Of the current short sales properties (detached homes) from $0-$400K, there are 361 listings, from $401,000-$999,999 there are 69 and over $1,000,000 there are 6 available.
All these stats are down over the data from May 2012.
Interest rates are rising, but still low and if you would like to see what properties would fit your criteria, give me a call, or search my web site for your Dream Home.