Denver Real Estate is NOT in the Dumps

By
Real Estate Agent with The Berkshire Group Realtors

Last month despite the negative press (nearly everyday) we sold 5025 properties. That is only 66 units less than August of 2005.  Our average price increase by $7k to $320,000.  At the same time our Median price decreased by $2k to $253,000.  What that means is we sold more lower end  homes, which in turn pulled the median down, a tad.

We have 18% more homes on the market than at the same time last year.  Considering the numbers from other parts of the country, WE ARE HOLDING OUR OWN!

All the REALTORS may not survive.  With 10,050 sides closing last month and 17,000 REALTORS licensed in the Denver Metro area, many did not have a payday last month.

 

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Rainer
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Scott Turner
Turner Residential - Austin, TX

Interesting Kristal.

The Austin market is holding its own as well. We keep hearing about the market "slowing down" but it has not hit us just yet!

We are also flooded with Realtor graduates. It will be interesting to see how this all works out!

KRistin

Sep 15, 2006 10:09 AM #1
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"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

"The Lovely Kristal"

Just pulling up a Box to say Hi. This one was in need of a few comments. You know me...fill...a need when I can...even if it is just a Box!

"The Lovely Wife"...Kum La Ka Lakka...Roar!

Sep 15, 2006 01:24 PM #2
Rainmaker
167,892
Angus in Naperville IL
RE/MAX of Naperville - Naperville, IL

We are seeing similar stats here in Naperville. The doom and gloom hasn't hit the market (we have less than a 5 month inventory) but it is hitting the agents pocketbooks as the number of agents in town has increased by about 15% since the first of the year.

Longer market times are the norm...

Sep 15, 2006 02:26 PM #3
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Kristal Kraft

Denver Real Estate - 303-589-2022
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