Folks:

I was developing some information for a client about the market in Denver.  I wanted to share the market composition with you as well.

I would note that the $200k to $300k is the market sweet spot right now, with 4.7 months of inventory.  However, as those folks buy up - and statistics indicate they move up 50% in price - the $300k to $400k market should move more in the intermediate term.

Based on information from Metrolist, Inc. as of March 2, 2008.

Single Family Residences Only

Excludes Housing Not Listed in MetroList

Listing in the Denver MLS

As of March 2, 2008

Price Range

Active

% of Market

Sold in Past 12 Months

Sold Per Month

Months of Inventory

 $                -  

 $                100,000

             1,776

8.69%

             2,291

                191

                 9.3

 $        100,001

 $                200,000

             4,932

24.12%

            10,824

                902

                 5.5

 $        200,001

 $                300,000

             4,726

23.11%

            11,962

                997

                 4.7

 $        300,001

 $                400,000

             2,824

13.81%

             5,995

                500

                 5.7

 $        400,001

 $                500,000

             1,669

8.16%

             2,764

                230

                 7.2

 $        500,001

 $                600,000

             1,006

4.92%

             1,542

                129

                 7.8

 $        600,001

 $                700,000

                773

3.78%

                839

                  70

               11.1

 $        700,001

 $                800,000

                572

2.80%

                530

                  44

               13.0

 $        800,001

 $                900,000

                414

2.02%

                384

                  32

               12.9

 $        900,001

 $             1,000,000

                311

1.52%

                219

                  18

               17.0

 $     1,000,001

 No Upper Boundary 

             1,443

7.06%

                770

                  64

               22.5

Total

            20,446

100.00%

            38,120

             3,177

                 6.4