So you may have noticed homes in your neighborhood staying on the market a little longer. It is true that over the last month or so houses are taking just a bit longer to go under contract. However, overall 2013 is shaping up to be the best year since 2008. I just finished doing some research as to how the market has been this year compared to the previous five years and I think you will agree that things are looking much better.
As always if you would like a market analysis done for your specific neighborhood just let me know and I will happily come by to drop it off or even email it to you.
Current inventories are averaging a two month supply of homes which is a little higher than earlier this year. We were at about a one to one & one half month supply this past spring.
Homes for sale in Parker 399
Homes for sale in Castle Rock 529
Homes for sale in Highlands Ranch 319
Current sales of detached single family homes through August 31 2013 24,656
Sales for the same time period in 2012 20,583 and in 2008 it was 21,179. That is a significant increase of almost 20% year to year from 2012 and 16% from 2008 which was the strongest year of the last five. For another reference there were only 25,599 sales in all of 2011; 24,640 in 2010; 26,266 in 2009 and 30,334 in 2008. To give you an idea how your market is doing here is a link to a PDF that will give you the specifics for each municipality.