Denver Homes: Denver Housing Market Strong on All Fronts

At the risk of sounding like a broken record, we are posting a link to another set of incredibly strong market reports for .

These reports, as detailed in the Denver Business Journal, show the continuing strength of the market for both Denver homes and . We are definitely in a Sellers' market as inventory continues to decrease.

From :

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 , but you have to move fast. Make sure your agent is registered with HUD and can bid on all bank owned homes.