Denver Real Estate Stats - August ‘08
By Gretchen Faber, LifeStyleDenver
(The Kentwood Company at Cherry Creek)
It’s that time again! Time for Denver Real Estate Statistics, and I’ve got a great deal of information this month. The chart is provided by MetroList, metro Denver’s MLS provider. For the past several months we’ve continued to see inventory declining - number of homes on the market going down. What that tells us is that we’re on the road to a more balanced market. As fewer and fewer homes come on the market, you’ll notice that homes are beginning to sell faster. That’s due to the fact that buyers are now competing for homes where they once could just move on to another if an offer didn’t pan out. In the chart, you can see that the inventory level has decreased nearly 4% since last month and over 20% since this time a year ago. Prices have also continued to decline from last year, but a...
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