Denver Real Estate - Market Report & Home Sales - March 2008
Apr 18th, 2008 by Steve Scheer
DENVER REAL ESTATE - MARKET REPORT - DENVER SOUTH EAST
This part of the Denver area has an oversupply of homes available now. With about 9 months supply of Denver homes for sale, sellers will need to watch their pricing and condition. Patience is necessary because if you are trying to sell right now, one month seems like a year. It can be very frustrating indeed! So with an average days on market at 129, the sellers may be going a bit crazy. The buyers are entering the market more now than before and most have seen a lot of inventory. If you are priced right and the home shows well, these buyers will know it and put forth their offers on your home. Pricing the home right and creating offers is far more important than waiting at the wrong price to negotiate with someone. That may never happen!
Here are the DSE - Denver South East numbers for March 2008 - Denver South East
Denver South East - Residential Real Estate - Single Family Homes
Total Active 1626
Average Asking Price Price $721,625
New Listings 913
Listings Back on Market 144
Sold 180
Average Price Actually Sold $425,650
% of List Price 96%
Days on Market 129
Under Contract 305
Expired Listings 68
Denver South East Condos & Town Homes
Total Active 1406
Average Asking Price $370,110
New Listings 541
Listings Back on Market 100
Sold 127
Average Price actually sold $216,619
% of List Price 97%
Days on Market 135
Under Contract 209
Expired Listings 53
*Statistics from MLS deemed accurate but not guaranteed.
*These numbers may not include homes that are sold by owner (FSBO) and New Construction
