Tipping Point. Point of Inflection. Turn-around.
These are the adjectives that reporters SHOULD be using to describe the Denver Metro's real estate market.
While there are a lot of problems in our local market, things are improving.
A market is considered to be in equilibrium when the months of inventory in a given market (number of active listings divided by the average sales per month) equals six months. If over six months, a market is considered to be a Buyer's market, if less, then a Seller's market.
Well, let's take a look at our first city: Arvada.
Michael Clarkson
http://www.MileHighHomeHunter.com
http://www.MileHighForeclosure.com
These are the adjectives that reporters SHOULD be using to describe the Denver Metro's real estate market.
While there are a lot of problems in our local market, things are improving.
A market is considered to be in equilibrium when the months of inventory in a given market (number of active listings divided by the average sales per month) equals six months. If over six months, a market is considered to be a Buyer's market, if less, then a Seller's market.
Well, let's take a look at our first city: Arvada.
Michael Clarkson
http://www.MileHighHomeHunter.com
http://www.MileHighForeclosure.com
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