Denver Metro Area Market Stats for April 2009

It’s time to take another look at how the Denver market is doing month to month. Summer is well on its way; the trees and plants are green with new leaves, the sun is warming everything up, and it is light outside until at least 8:30pm! Here comes buying season!

Residential (excluding condos)

There were 15,639 Active listings in the MLS (Multiple Listing Service) for the month of April 2009. That number is up 0.35% from March ‘09, yet down -22.02% from a year ago – April ’08.

4,153 were Under Contract, which is up 6.30% from March ‘09, yet down -18.05% down from a year ago – April ’08.

There were 2,706 Sold properties. That number is up 4.48% from March ‘09, yet still down -19.30% from a year ago.

What does this all mean? It means that more properties are being put on the market, are going under contract, and are selling from March ’09, yet overall market activity is still down from this time in 2008.

The Avg DOM (average number of Days on the Market) was 102 days. This number is down -3.77% from March ’09 and -0.97% from a year ago. This means that properties are spending less time sitting on the market. This also means that on average, it is taking nearly 4 months, from initial listing to Under Contract status.

Finally, the Avg Sold Price was $254,442, which is an increase of 1.14% from a month ago in March ’09, yet is down -4.80% from a year ago. Prices are slowly climbing in early 2009 but the recovery is still on its way!

Keep in mind this is for the entire Denver Metro Area. If you would like more information about a specific neighborhood, please contact me by email with the area you are interested in! Thanks!

All data was compiled from Metrolist, Inc on May 16, 2009

Andrew Cepeda

Realtor® and EcoBroker®

Metro Premiere Properties

720.216.7617

andrewcepeda@gmail.com