September 9 2009

Denver Real Estate Market Conditions August 2009

by brook

Denver CO Real Estate Market

It almost goes without saying that Denver offers homeowners the best of both worlds, and that there are few American metro areas in which the outdoor and indoor complement one another as they do in this city. So, what does the market look like for those who wish to flock to Denver, CO? Homes for sale are still ample, but there has been some market activity.

Let’s take a look: The 6,217 homes for sale in Denver this August share a median price of $295,000. Yes, under $300,000 in this classy, largely upscale city! In fact, this figure represents an actual price decline since July (of about 1%). Is this an indicator of a trend? Well, last month’s data revealed a slight month-over-month increase; so, it’s safe to say things can go either way. That doesn’t mean it isn’t a good time to look! When the market is unpredictable, a local expert can provide the guidance you need to make an informed decision.  

Now, the August, 2009 Denver real estate market conditions indicate that homes are slightly pricier. There were around two dozen of them on the market in August, with a median price of $344,950. Still, this is not too much higher than the median of new and resale homes combined. So, if a new home in Denver is something you dream of, there’s a chance that they’re not all out of your league! For more information on Denver real estate, contact a reputable Realtor to inquire about your options.

 

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