Market Statistics for Feburary for Denver Metro Real Estate

by Courtney Nelson

Real Estate statistics for condos and single family homes FEB. 2009:

• Homes under contract is up 50% from Febuary 2008
• The average and median sold prices are still down about 14% from 2008 (largely due to popularity of lender owned and short sale homes)
• Our months supply of inventory (which is the amount of active homes compared to the rate of absorbtion) is down 39% from Feburary 2008. This is a great indication that our market is balancing out we are moving rapidly to a sellers market. Our months supply is about 6.5 months and a shift to a sellers market is between 5-7 months. A year ago we had 11 months supply.

For more market information or to search the for Denver Area Real Estate visit www.coloradosells.com or call Courtney at 720-210-7377