Click below to access the current report and chart.
Sales are up from the same month (Dec) the previous year, inventory is down from last month and last year and the days a house is on the market it also dropping. These are all indicators that we are starting to see an improvement in the Washington Park market. These statistics are reflecting a Metro area trend which saw December 2011 sales up by 6% over last year. Our Washington Park numbers would be similar if we had more inventory! We have many buyers waiting with nothing to look at.
We have not seen inventory this low since 2000. That is amazing! Some recent sales that occurred at the end of the year are giving me the feeling that prices are beginning to rise. However, it is purely subjective at this time and I cannot back it up with facts. My year end statistics for 2011 show that the market prices finished the year either flat or slightly down. I think we will see a change in prices shortly but will need more time for that to be reflected in the numbers.
Denver is starting to develop a buzz. Could it be the Tebow effect? Who knows. Click the link below to see what Fox News thinks about our market. Let’s hope they are right!
