Denver Real Estate Market Strengthening

There are concrete, solid stats that support everyone’s hopes-the Denver real estate market is recovering. According to the Real Estate Market Trends, released by the Denver Metro Association of Realtors, as of September 2012, there is the lowest inventory per capita that Denver has ever seen. In general, there are only about 2.7 months of inventory and more buyers than there are sellers. And compared to 2001, there are about 20% more people in Denver, but we still have the same inventory levels as 2001. And for the first time since the housing market crash in 2008, the September average sale price has beat levels from six and seven years ago, surpassing those levels from 2005 and 2006. These are sure signs that the market is making a strong comeback! So if you wanting to sell your house, now is the time!