| Denver Market Conditions Market Wrap Up March 2008 - Market Movement by Price Point | | Here are the months of inventory by price point for the Denver MLS area. There is some positive news here: - The sweet spot is intensifying at the median price point ($200k to $300k), showing 4.9 months of inventory
- Price points below it are moving as well, showing that the "move up" phenomenon is apparently underway as we enter Denver's moving season (April - September).
- In all price points, current activity exceeds the trailing 12 month avearage, meaning we are firming up in our market.
For more information, please visit www.MileHighMLS.com Happy Home Hunting! Michael | Market Trend Analysis - Denver Metro Selected Towns/Cities | | Based on information from Metrolist, Inc. for period March 4, 2008 until April 4, 2008. | | Single Family Residences - All Price Levels | | Excludes Housing Not Listed in MetroList | | Note: Six (5.5 to 6.5) Months of Inventory Tends to Indicate Neutral Market, Over 6.5 Months a Buyer's Market, Under 5.5 Months a Seller's Market | | Price Range | Active | % of Market | Sold in Past 12 Months | Sold Per Month | Months of Inventory | Current Activity Status | Curr Month Under Contract | Near Term Sales Trend | | $ - | $ 100,000 | 1,161 | 5.64% | 2,556 | 213 | 5.5 | Seller's Market | 716 | Seller's Trend | | $ 100,001 | $ 200,000 | 4,750 | 23.09% | 10,950 | 913 | 5.2 | Seller's Market | 1,956 | Seller's Trend | | $ 200,001 | $ 300,000 | 4,848 | 23.56% | 11,799 | 983 | 4.9 | Seller's Market | 1,475 | Seller's Trend | | $ 300,001 | $ 400,000 | 3,027 | 14.71% | 5,990 | 499 | 6.1 | Neutral Market | 727 | Seller's Trend | | $ 400,001 | $ 500,000 | 1,823 | 8.86% | 2,749 | 229 | 8.0 | Buyer's Market | 363 | Seller's Trend | | $ 500,001 | $ 600,000 | 1,129 | 5.49% | 1,512 | 126 | 9.0 | Buyer's Market | 202 | Seller's Trend | | $ 600,001 | $ 700,000 | 830 | 4.03% | 829 | 69 | 12.0 | Buyer's Market | 130 | Seller's Trend | | $ 700,001 | $ 800,000 | 642 | 3.12% | 508 | 42 | 15.2 | Buyer's Market | 78 | Seller's Trend | | $ 800,001 | $ 900,000 | 449 | 2.18% | 386 | 32 | 14.0 | Buyer's Market | 37 | Seller's Trend | | $ 900,001 | $ 1,000,000 | 344 | 1.67% | 204 | 17 | 20.2 | Buyer's Market | 26 | Seller's Trend | | $ 1,000,001 | No Upper Boundary | 1,572 | 7.64% | 762 | 64 | 24.8 | Buyer's Market | 113 | Seller's Trend | | Total | 20,575 | 100.00% | 38,245 | 3,187 | 6.5 | Neutral Market | 5,823 | Seller's Trend | | 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. | | As always, whenever YOU are ready, I am here Bringing The World Home To You™ And, if you know of someone that is looking to buy or sell, I am NEVER too busy for any of your referrals. Kind regards and happy "Home Hunting",
Michael Clarkson
RE/MAX Alliance
303.403.2641 On the web: | | |
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