Denver, Colorado - Market Demographic

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.

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