(PRWEB) May 21, 2012
The newest real estate report from Homes.org details the current trends and activity in the Denver real estate market during April 2012. Using the most recent sales data, the Homes.org report highlights the factors that are driving the market and what buyers and sellers can expect in the months to come.
According to data provided by Metrolist, the MLS serving the Denver area, the Denver real estate market prices are increasing while the inventory is decreasing. Below are some key findings:
Denver is experiencing significant improvements in everything from sales price to day on market. Inventory levels have dropped to a two to three month supply which experts say will likely push prices higher in the coming months. “With these tight inventory levels, I wouldn't be surprised to see further price appreciation into this summer's buying season,” said Kirby Slunaker, Metrolist's CEO and President.
Denver Real Estate Market Latest Information and Statistics
Zip Codes in the City: 80201-80212,80202 80214-80239, 80241, 80243-80244, 80246-80252, 80256-80266, 80271, 80273-80274, 80279-80281, 80290-80291, 80293-80295, 80299, 80012, 80014, 80022, 80033, 80123, 80127
Population (Metro): 2,552,195
Total Households (2006-2010): 254,181
Median Value Owner Occupied Housing (2006-2010): $240,900
April 2012 Total Home Sales in Denver area: 3,891
April 2012 Average Sale Price in Denver area: $275,241
Renters vs. Owners (2006-2010): 47.5% vs. 52.5%
Type of Home:
64% Single Family
Popular Denver Neighborhoods Seeing Improvement in Sales
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.