At the risk of sounding like a broken record, we are posting a link to another set of incredibly strong market reports for Denver homes.
These reports, as detailed in the Denver Business Journal, show the continuing strength of the market for both Denver homes and Denver foreclosures. We are definitely in a Sellers’ market as inventory continues to decrease.
From The Denver Business Journal:
Two reports detailing the metro Denver single-family resale home market show it continues to improve year-over-year as the number of sales grew, average sales prices increased and the time it took to sell a house dropped more than a month.
The December report from Metrolist Inc., released Monday, shows there were 3,400 homes sold that month, an 8 percent drop from the number sold in November but an 8 percent increase in the number sold in December of 2011.
Average days on the market continued its year-over-year plunge as December’s 73-day average is 32 percent below the 107-day average posted a year earlier.
Metrolist officials said there’s only one way to describe the real estate situation here: a seller’s market.
As always, the numbers for individual neighborhoods vary, so give us a call at 303-726-1874 and we can research the area(s) you are interested in.
There are still some great deals on Denver foreclosures and Denver short sales, but you have to move fast. Make sure your agent is registered with HUD and can bid on all bank owned homes.