Denver Real Estate Market Report By Zip Code | South Suburbs | April 2011

 

April inventory levels remain positive in most areas. Not too much of an over supply in the market.  In fact, as you can see by all the red, most areas have relatively low levels of inventory.  There is a good amount of inventory out in Parker, which is the 80134 and 80138 zips, however also a lot of sales leaving the area in a pretty balanced market condition.

On average, days on market look to be a bit over 4 months for many areas which is consistent with the months of inventory in those areas.  What does this mean to sellers?  Lower inventory again this month is good.  However, patience is necessary for most, the showing activity is just not that brisk.  Also, be very competitive in price and condition.  With fewer homes competing for the home buyers, it becomes clear to those out in the market which homes are overpriced and which need more attention to condition details.  So keep it clean, well maintained and priced right and you should be fine.

Buyers need to act quicker if they have interest in a particular home. With less inventory and great interest rates, the home you like today another buyer may very well have seen and liked yesterday.  Now you find it under contract!

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

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About Steve Scheer

Steve is a Colorado real estate agent that represents home buyers and sellers in the Denver metro area and suburbs. He writes here about the local home market as well a few other sites. He has lived in Highlands Ranch since 1995 with his family. You can also find him on Twitter, Facebook and Google Plus.

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