Denver Metro Market Update July 2009
August 13, 2009 by Bob Schenkenberger · Leave a Comment
July 2009
| Category | Jul-08 | Jun-09 | Jul-09 | % Change |
|---|---|---|---|---|
| # of Closed Sales - Month | 4,154 | 3,328 | 3,484 | -16.1% |
| # of Closed Sales - YTD | 22,715 | 15,432 | 18,916 | -16.7% |
| Avg. Days on Market | 94 | 97 | 98 | +1% |
| # of Active Listings | 19,788 | 15,790 | 15,830 | -20% |
| # of New Listings | 8,657 | 7,589 | 7,498 | -13.4% |
| Absorbtion Rate (months) | 4.8 | 4.7 | 4.5 | -6.4% |
| Average Price (Closed) | $283,860 | $283,312 | $276,654 | -2.5% |
Numbers continue to move in as expected. Down volume-wise from last year. But less listings hitting the market. The numbers of sales per listing are up, and that is a very positive sign.
The lower inventory, has absolutely helped the areas absorbtion rate.
Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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