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Analyst: Denver housing market on the upswing

Posted by The 5280 Group on Tuesday, July 10th, 2012 at 1:27pm.

KUSA - Recent data compiled by Redfin, an online brokerthat provides information to both buyers and sellers, shows the real estate market in Denver continues to be an attractive investment.

In June, the median list price in Denver for was $329,000, up from $259,000 the same time last year. Michelle Ackerman, a Denver-area manager and broker for Redfin, says this data shows that sellers are optimistic about getting value for their houses.

See the median home price list in Denver chart here

"Sellers are certainly getting that message that there aren't that many homes on the market, and they are very optimistic about what they're going to capture on the sale of their home," Ackerman said.

See the median home price list for Denver County here

However, the median sales price in June was lower than the list price - coming in at $279,000 - but, this number is 20 percent higher than it was in June 2011.

"For buyers, there are still greatdeals to be had, and interest rates are still low. Be quick to react still; the bidding frenzy has gone down but that doesn't mean you should sit around and wait," Ackerman said.

(KUSA-TV © 2012 Multimedia Holdings Corporation)

Greg Keating

Re/Max Momentum - The 5280 Group

303.654.0197

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1 Response to "Analyst: Denver housing market on the upswing"

North Metro Homeowner wrote:
Finally an agent wanting to point out the possitives this economy. Great article!

Posted on Tuesday, July 10th, 2012 at 6:34pm.


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