Denver Colorado real estate market analysis

The Denver real estate market is in a better position in comparison to the real estate markets elsewhere in the country. In fact the revival of the city’s recovery from the economic slump has been given a much needed boost by the way the real estate market has performed in the last few months. In fact the steady performance of the Denver, Colorado real estate market can be attributed to the fact that, even during the real estate boom, the market maintained a steady growth rate and therefore when the slump set in, it was not as affected as the other states.

On an average a local market listing included 20,628 properties during the month of March 2009. That accounted for a 2.84% rise in the number of properties that were up for sale in the previous month. An analysis of these numbers would lead to the fact that even during the peak of the selling period, there were not too many properties listed for sale. If one compares these reports to that of the previous year, it would reveal the fact that there has been a 19.16% decrease in the number of homes for sale in Denver Colorado than last year.

In Denver, the average price of a square foot of area is $183. The average price has also gone up by 5.2% from what it was last year. The average price of properties in Denver in between the months of July to September this year was $180,000 and had increased by 12.3%. The sales have declined by 16.7%. This is indicative of the fact that people have been cautious while investing in properties during this phase.