Oct 02, 2012

 

August 2012 Denver Housing Report (archived)

Homes sales took a dip in July after seven straight months of growth.  Condos remained strong though.  The slight dip in single family home sales is pretty common, mid-summer, with family vacations in high gear.

The suspense remains about whether the Denver market will "resume" its strong sales activity, as we enter the 2nd half of the year.  If you ask real estate brokers, most beleive the strong pace will continue into the Fall.

I think it's pretty clear that we will not see much new housing inventory coming to market anytime soon.  There are a couple reasons why not a lot of homes will rush to the market, and that's because Denver homeowners aren't yet comfortable selling their houses.  Some, are still dreaming of those high prices they saw 7 years ago, and will hold out for more.  Many others are simply not willing to risk a move, without stronger job prospects and household finances.  Lots of Denver-area homeowners have refinanced their mortgages at super-low interest rates, and their in no hurry to jump into the market right now.

During the last decade, sales always declined after the long summer selling season was over.  This year will probably be different.  Even if we don't see lots of new inventory coming to market, I anticipate we'll set some highs we haven't seen for awhile.  How the market responds between August and October will be our clearest sign yet of market strength.  

If you're considering listing your Denver-area home, remember that interest rates are simply too good to pass-up right now, and selling your home for 'less than you'd like', makes sense, especially when you buy a replacement home "for less", than you will in the future.   Stay tuned!

 

Average Home Price & Solds Graphs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Home Price, Inventory, & Days-On-The-Market Graphs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check Out Today's Interest Rates

Today's Interest Rates

 

Get It Monthly - Average Home Price & Trends!

We subscribe to a variety of data sources that helps us evaluate Denver's average home price and trends report, for our clients. If you'd like a copy of our Average Home Price & Trends Report for Denver, simply send us the easy form below.

Originally posted at: Average Home Price And Trends Report.  Data provided by Metrolist. Graphs copyright© Michael Dagner Group. All information deemed accurate, but cannot be guaranteed. Image attribution - percent - www.sxc.hu

 

 

 

(303) 514-4000
What Our Clients Say

Buy A Home

Sell A Home

New Homes

Foreclosure Help

First-Time Buyers

Copyright © 2012, *August 2012 Denver Housing Report*, by Michael Dagner and www.DenverHomesOnline.com. All rights reserved.