It looks like you're new here. I appreciate you stopping by! Feel free to throw down some graffiti on my wall by adding a comment to this post! And, if you like what you see, please subscribe to the feed and I'll deliver all my new content, right to you! Thanks for visiting!

Here are some recently compiled market stats for April 2008. My market area is the South Metro Denver cities, including Denver, Centennial, Greenwood Village, Cherry Hills Village, Englewood, Aurora, Littleton, and Highlands Ranch.

Big Picture (Covering the Entire Metro Denver Area) The figures are for single family residential properties only, and do NOT include Condos, Land or Commercial data.

Total Closings for the Month: 3,353, Down 3.4% from 2007, Up 12% from previous month.

Average Days on Market: 103, Down 4.6% from 2007, Down 5.5% from previous month.

Active Listings: 20,477, Down 2.1% from 2007, Up 3% from previous month.

Average Sold Price: $267,259, Down 17.1% from 2007, Down 2.7% from previous month.

Absorbtion Rate: 5.8 Months, Down 10.8% from previous month.

South Suburban Central & South Suburban East MLS Market Areas (This data covers the majority of Greenwood Village, Cherry Hills Village, Englewood, Littleton, Centennial, south Aurora, and un-incorporated Arapahoe County.)

Total Closings for the Month: 211, Down 12% from 2007, Up 40% from previous month.

Average Days on Market: 109, Up 3.2% from 2007, Up 12% from previous month.

Active Listings: 1313, Up 5.2% from 2007, Up 23% from previous month.

Average Sold Price: $443,160, Down 15.1% from 2007, Up 6.5% from previous month.

Absorbtion Rate: 6.7 months, Down 5.2% from previous month.

The biggest take away from this data is the fact that the marketplace is absorbing properties quicker and quicker. The 6 month absorbtion rate is historically the line in the sand between buyer’s and seller’s markets. Anything less than 6 Months, is perceived to be a Seller’s market and anything greater than 6 Months favors the Buyer’s. Prices continue to be down year over year, but that was expected as we have all lived through this market decline.

All in all it is pretty much what I expected, and it continues to indicate the market conditions are improving.

Click Here to download the full report in .pdf format. April 2008 Market Stats

More news today on some HOT markets in the Denver area.

As reported in the Rocky Mountain News, certain Zip Codes are doing extremely well! Over the past year, the median price in the Denver Metro Area has fallen. But certain areas are going UP. The top 5 areas are:

1. Centennial, Cherry Hills Village, Greenwood Village 80121 UP 26%

2. Denver 80212 UP 18.5%

3. Golden 80403 UP 15.4%

4. Denver 80215 UP 14.6%

5. Greenwood Village, Englewood 80111 UP 13.2%

The median price for single family homes in the Denver Metro area dropped from $224,900 in March to $222,550 in April.  This one percent drop could be a positive sign for the market.

The almost negligible drop may be a sign of recovery.  Activity is up and prices seem to be stabilizing.  I’ll keep you posted when the full analysis is ready to go.

Here are some recently compiled market stats for March 2008. My market area is the South Metro Denver cities, including Denver, Centennial, Greenwood Village, Cherry Hills Village, Englewood, Littleton, and Highlands Ranch.

Big Picture (Covering the Entire Metro Denver Area) The figures are for single family residential properties only, and Do NOT include Condos, Land or Commercial data.

Total Closings for the Month: 2951, Down 11% from 2007, Up 21% from previous month.

Average Days on Market: 109, Down 6.8% from 2007, Down 2% from previous month.

Active Listings: 19,509, No Change from 2007, Up 2.3% from previous month.

Average Sold Price: $274,693, Down 9.1% from 2007, Down 1.5% from previous month.

Absorbtion Rate: 6.5 Months, Down 2% from previous month.

South Suburban Central & South Suburban East MLS Market Areas (This data includes condos, and covers the majority of Greenwood Village, Cherry Hills Village, Englewood, Littleton, Centennial, south Aurora, and un-incorporated Arapahoe County.)

Total Closings for the Month: 126, Down 14.3% from 2007, Down 24.5% from previous month.

Average Days on Market: 93, Down 31.1% from 2007, Down 14.7% from previous month.

Active Listings: 1008, Up 10.6% from 2007, Down 19.7% from previous month.

Average Sold Price: $414,188, Down 14.2% from 2007, Up 3.5% from previous month.

Absorbtion Rate: 7.6 months, Up 32.1% from 2007

The conclusion is, no conclusion! We are receiving mixed messages with this data. Prices are down year to year, but up from last month. Days on the market are down, but absorbtion rates are higher. Properties are still being sold, and in the South Metro Denver area, they are selling quicker, than last year!

My opinion is we won’t know much more about the market until we’ve hit our summer stride. At that point, the numbers should start giving us an indication on where we are headed!

Click Here to download the full report in .pdf format. March MLS Stats

Here are some recently compiled market stats for February 2008. My market area is the South Metro Denver cities, including Denver, Centennial, Greenwood Village, Cherry Hills Village, Englewood, Littleton, and Highlands Ranch. So the stats will be limited to these areas.

Big Picture (Covering the Entire Metro Denver Area) The figures are for single family residential properties only, and Do NOT include Condos, Land or Commercial data.

Total Closings for the Month: 2342, Down 2.9% from 2007

Average Days on Market: 111, Down 11.2% from 2007

Active Listings: 19,067, Up 4.2%

Average Sold Price: $278,871, Down 4.5%

South Suburban Central & South Suburban East MLS Market Areas (This data covers the majority of Greenwood Village, Cherry Hills Village, Englewood, Littleton, Centennial, south Aurora, and un-incorporated Arapahoe County.)

Total Closings for the Month: 167, Up 19.2% from 2007

Average Days on Market: 109, Down 3.6% from 2007

Active Listings: 1256, Up 14.2%

Average Sold Price: $399,920, Up 1.6%

The conclusion is, activity is on the rise! Properties are still being sold, and in the South Metro Denver area, they are selling quicker, for more money than last year!

My opinion is our market is on the rebound, and we have in fact seen the bottom! We will know much more come May of this year when the selling season starts in earnest.

Click Here to download the full report in .pdf format. Feb. 2008 Denver Market Stats

For more information contact the Get Home Denver Team.