One of the benefits of being one of my clients is that you get the latest "Daily Dirt" about the local real estate market...well before the rest of the crowd. Those of you who are my active clients know that I have been seeing the local real estate market data improving for nearly 1 year now. In fact, I made the statement that Denver is breaking loose as a Seller's Market. That statement was based on: - A continually dropping Months of Inventory (MOI) of homes for sale in the Denver MLS
- Increased competition for foreclosure homes.
- A consistently dropping inventory of competing new homes.
Well, those factors have contributed to Denver being identified in a national article as the "No. 9 of the Top 10 Seller's Markets". Reporter Matt Woolsey stated about Denver: No. 9: Denver After significant overbuilding during the last three years, the rate of tightening for the Denver market was good enough to land it second in that measure. Add a middle of the pack ranking of in its sales rate to inventory and it's safe to suggest that Denver may not be a fully developed seller's market, but that it's headed in that direction. [emphasis added by this author] We'll keep you updated about how this develops. Click here to see the worst markets for sellers. Click here to see the worst markets for sellers slideshow. |
