Denver Property Listings way down

Last month some say I gave you too much information (excuse me????) about the Denver real estate market. Here is a short video of this month’s chart showing only July new listings (periwinkle) and sales (cranberry). Major note: NEW LISTINGS are not coming on the market. Those are the Denver property listings that are new to the Denver real estate market and replacing the closed sales. There were only 3318 new listings and 2744 sales. Take a look:

Last year in mid September we had close to 17,500 single family homes on the market in metro Denver. Eleven months later we have barely 13000 homes for sale, a 30% decrease. Additionally in 2010 we had 13546 foreclosure notices filed in metro Denver and year to date there have only been 9271 in 2011, a 36% reduction. Where are all those houses that were for sale? Demand stays steady, supply goes down, prices will go up.

I have watched this specific data every month for the last 12 years. The number one question I get is “How is the market?” Along with being an active listor and buyers agent in Denver, this lets me know the answer. And while a newby may be able to acess similar data, they will not have dealt with the emotions of the Denver home buyer and know what their decision process is like. When you want the best in real estate in Denver, give me a call or an e. I help nice folks find awesome places to live in Denver, Highlands Ranch, Littleton, Centennial, Englewood, Parker, Cherry Creek, Denver Realtor, Greenwood Village, Lone Tree, Cherry Hills Village, Sedalia, Larkspur, Kiowa, Elizabeth, Franktown, Sheridan, Lakewood, Ken Caryl & Castle Rock Colorado.

You too can stay on top of the market by subscribing to this blog or from http://www.denverrelocation.com/. I continue to be extremely optimistic about the Denver real estate market.

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About Pete Doty

As a Realtor® Pete has been working in the Denver residential market since he first started in 1985, and focusing primarily in the south end of town. He finds the client the home they want, and then help them sell it when they want to move. Marketing is really where his heart is, and making sure his clients’ interests are watched over in Littleton, Highlands Ranch, Parker, Castle Rock, Centennial, Englewood, Morrison or Denver. His web site www.DenverRelocation.com ranks high in search rankings and generates numerous relocating buyers each year. Talk to Pete for a unique perspective on today’s real estate market in Denver.

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