“When you are grateful fear disappears and abundance appears.” – Anthony Robbins
The first day of winter, December 21, seems ages away. We are in the crisp season of autumn – a time of apple cider, falling leaves, 70 degree temperatures (!), and that most fantastic of seasonal sentiments – gratitude. There are many reasons to be grateful for the current state of the Real Estate market in Denver, and I’d like to share a few with you.
- The total US for-sale inventory of single family homes, condos, townhomes and co-ops remained at historic lows, with 1.8 million units for sale in September 2012, down -17.77% compared to a year ago. <source: Realtor.com> This means less competition for you in the eyes of buyers, and potentially a faster sale!
- The median home price in the Denver Metro area (September) is $269,700, up 6.03% from the previous year.
- Average Home Values are GREAT in Metro Denver! The national median home price (September) is $191,500, compared to our median home price (mentioned above) of $269,700. The median home price in Denver trumps the national median by nearly $80k!
- The median age of inventory (in laymen’s terms, the number of days a property has been on the market) is down nearly 18% to 38 days. Nationally this number is a whopping 95 days. What does this mean for your sale? While the average home for sale in the US is taking 3+ months to sell, the average listing in the Denver area is selling in a little over a month. This is something to be grateful for!
- Year over year improvement in housing statistics is valuable, and it’s also important to note that September statistics for the Denver Real Estate market are also up over August statistics. Despite moving from summer (prime Real Estate season) into fall, our positive stats not only held, but improved for the month: average home prices rose a little over 1% from August to September in Denver.
I am personally grateful for friends, family and the privilege of being your valued partner in Real Estate. If I can be of service in any way, please let me know.