Jan 20, 2012

January 2012 Denver Housing Report

This post is a little late in arriving this month, and I apologize if you've been waiting for the update!

Home buyers have started shopping early this year as the Denver market has been abuzz in January.  Activity has been especially strong in price ranges below 400k. 

Sellers have not yet responded to that activity, as we've not yet seen too many home sellers put their properties on the market in 2012.  More listing inventory was anticipated by the end of January, but that hasn't happened (yet).  We'll see if February picks up the pace.  At current inventory levels, there are not enough houses on the market for home buyers to find a broad selection in certain (lower) price brackets, so expect some home prices to be far less flexible than at this time last year. 

Taking a step back, let's now take a look at how last year ended.  In December of 2011, we saw the year wrap up on a positive note.  Sales were up, as were condo prices.  As for single family homes, total sales were barely down, which doesn't even justify the 'big red arrow' above.  In all, it was a nice ending in 2011 for Denver residential real estate sales.  Things appear to be looking up with a more robust prediction for 2012! 

Another update will be posted in the next few weeks.  Come back and visit soon!

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