Denver Metro Cities

Folks:

The subprime fallout has hurt the market, but not as much as one would expect.

This month, three markets surveyed showed Buyer's trends: Highlands Ranch, Lafayette and Superior. In all three instances, the current month under contract fell below the twelve month trailing average sales per month. However, all three of those markets were still relatively strong. Highlands Ranch has only 3.9 months of inventory, the lowest of the towns surveyed. Superior was just slightly behind with 4.0 months of inventory. Lafayette was just slightly below the 6 month mark, at 5.8 months of inventory. It has enjoyed a strong market in the preceeding month.

Overall, the Denver market seems to be firming up. Click on the following link to hear RE/MAX CEO Margaret Kelly speak about our market on CNBC on September 21, 2007. http://www.cnbc.com/id/20624975/site/14081545 The months of inventory tends to be stable to shrinking over the past several months. Denver, itself, is trending stronger, with a 38% increase in "Current Month Under Contract" homes vs. the 12-month trailing average.

For more information about Denver, visit http://www.MileHighHomeHunter.com

Kind regards,

Michael Clarkson

REALTOR®
RE/MAX Alliance - Westminster

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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	688	1,456	121.3	5.7	Neutral Market	154	Seller's Trend	27%
Broomfield	375	815	67.9	5.5	Neutral Market	92	Seller's Trend	35%
Castle Rock	843	1,355	112.9	7.5	Buyer's Market	138	Seller's Trend	22%
Denver	4,748	8,169	680.8	7.0	Buyer's Market	942	Seller's Trend	38%
Erie	196	311	25.9	7.6	Buyer's Market	35	Seller's Trend	35%
Golden	534	733	61.1	8.7	Buyer's Market	79	Seller's Trend	29%
Highlands Ranch	290	885	73.8	3.9	Seller's Market	66	Buyer's Trend	-11%
Lafayette	109	224	18.7	5.8	Neutral Market	14	Buyer's Trend	-25%
Lakewood	635	1,464	122.0	5.2	Seller's Market	172	Seller's Trend	41%
Littleton	1,185	3,128	260.7	4.5	Seller's Market	315	Seller's Trend	21%
Louisville	30	111	9.3	3.2	Seller's Market	16	Seller's Trend	73%
Northglenn	219	444	37.0	5.9	Neutral Market	45	Seller's Trend	22%
Parker	841	1,689	140.8	6.0	Neutral Market	154	Seller's Trend	9%
Superior	46	137	11.4	4.0	Seller's Market	11	Buyer's Trend	-4%
Thornton	847	1,612	134.3	6.3	Neutral Market	210	Seller's Trend	56%
Westminster	677	1,305	108.8	6.2	Neutral Market	133	Seller's Trend	22%
Wheat Ridge	158	307	25.6	6.2	Neutral Market	33	Seller's Trend	29%
Total of Selected Towns & Locales	12,421	24,145	2,012.1	6.2	Neutral Market	2,609	Seller's Trend	30%
Total MetroList	21,683	36,903	3,075.3	7.1	Buyer's Market	4,055	Seller's Trend	32%