The Home Hunter Blog - TheHomeHunterBlog.com: The Daily Dirt - Real Estate News Update from Michael Clarkson

Issue 08-04.06

April 2008

Denver Market Conditions March 2008

Dear Readers,

Denver Market Conditions Market Wrap Up

March 2008 - Market Movement by Price Point

For more information, please click to www.MileHighMLS.com

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.