The real estate market in Denver is turning into a very strong sellers market. Below are two graphs that show the current status of Denver Houses For Sale. Please call 303.550.8563 if you have any questions about the Denver real estate market or would like information regarding a specific home.
The graph above shows the total number of active Denver houses for sale over $500,000 by month over the past two years in Denver. The number of active Denver luxury homes for sale peaked in August 2011. At the end of February 2013, there were only 547 active Denver luxury homes for sale over $500,000. The supply of Houses for sale is down 35.1% from the peak. What does this mean for you if you own a Denver luxury home? If you’re thinking about listing your home for sale, now may be the best time in years to list your home for sale. The number of Houses for sale is down dramatically from the peak and the spring home buyers are out in force. Learn how Metro Denver Luxury Homes will get your home sold quickly on the Sell Your Metro Denver Luxury Home page.
The graph above shows Months of Inventory or MOI for each month over the last two years for Denver luxury homes over $500,000. MOI of Denver luxury homes for sale peaked in September 2011 at 14.7 months of inventory. It is currently an amazingly low 2.3 months! This is down an astonishing 64.5% from the peak. Months of Inventory is a figure used by Realtors to determine the health of a market and whether it is currently a buyers market or a sellers market. A balanced market is a market with 6 Months of Inventory. Anything more than 6 MOI is a buyers market and less than 6 MOI is a sellers market. The Denver real estate market is a very stron sellers market as of March 2013. Now is a great time to sell your Denver luxury home.