Denver Metro Real Estate

The Denver Metro Area had a unique month in Real Estate.    Though many have varying opinions, to me, this month appears to be at a point of inflection.  Month to month volume stayed the same for the markets sampled, 384 more homes appeared in MetroList The 12 month trailing average sales per month stayed static. Most bothersome, was that the under contract volume - though higher than the 12 month average solds per month - did drop by 725 or -15.8% which is a dramatic month-to-month drop during the busier Summer Season in Denver Real Estate.  Though trending stronger overall, a 15.8% drop is statistically notable. As a point of reference, in the Denver Metro Area approximately 60% of transactions  occur between April and September, 40% occur between October and March.  So, Denver is a seasonal market. In the opinion of the author, it appears the mortgage crisis is adversely affecting what was a firming up of the local market.      Market Trend Analysis - Denver Metro Selected Towns/Cities
Based on information from Metrolist, Inc. for the period July 3, 2007 until August 3, 2007.
Single Family Residences Between $100k and $1,000k
Excludes Housing Not Listed in MetroList
Note: Six Months of Inventory Tends to Indicate Neutral Market, Over 6 Months a Buyer's Market, Under 6 Months a Seller's Market
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Locale	Active Listings	Prior 12 Months Sold	Sold per Month (Avg)	Months of Home Inventory (MOI)	Current Market Condition	Under Contract This Month	Current Month Vs. Annual Sold per Month	Under Contract vs. 12 Mo. Sold
Arvada	705	1,474	122.8	5.7	Seller's Market	169	Seller's Trend	38%
Aurora	2,810	4,337	361.4	7.8	Buyer's Market	551	Seller's Trend	52%
Broomfield	405	814	67.8	6.0	Seller's Market	103	Seller's Trend	52%
Castle Rock	876	1,339	111.6	7.9	Buyer's Market	208	Seller's Trend	86%
Centennial	584	1,467	122.3	4.8	Seller's Market	176	Seller's Trend	44%
Denver	4,593	8,264	688.7	6.7	Buyer's Market	1,122	Seller's Trend	63%
Erie	202	289	24.1	8.4	Buyer's Market	44	Seller's Trend	83%
Golden	504	735	61.3	8.2	Buyer's Market	100	Seller's Trend	63%
Highlands Ranch	219	854	71.2	3.1	Seller's Market	101	Seller's Trend	42%
Lafayette	88	215	17.9	4.9	Seller's Market	24	Seller's Trend	34%
Lakewood	641	1,482	123.5	5.2	Seller's Market	170	Seller's Trend	38%
Littleton	1,231	3,134	261.2	4.7	Seller's Market	391	Seller's Trend	50%
Louisville	38	107	8.9	4.3	Seller's Market	22	Seller's Trend	147%
Northglenn	214	449	37.4	5.7	Seller's Market	46	Seller's Trend	23%
Parker	814	1,674	139.5	5.8	Seller's Market	193	Seller's Trend	38%
Superior	49	146	12.2	4.0	Seller's Market	22	Seller's Trend	81%
Thornton	913	1,588	132.3	6.9	Buyer's Market	214	Seller's Trend	62%
Westminster	697	1,336	111.3	6.3	Buyer's Market	150	Seller's Trend	35%
Wheat Ridge	143	335	27.9	5.1	Seller's Market	33	Seller's Trend	18%
Total of Selected Towns & Locales	15,726	30,039	2,503.3	6.3	Buyer's Market	3,839	Seller's Trend	53%
http://www.MileHighHomeHunter.com
http://www.MileHighForeclosure.com
http://www.HomesInColorado.com/mclarkson
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.