Denver Real Estate is Strong

In a recent Denver Post article, Denver home prices are back to the highs of 2006.  This year has been a good year for real estate.  The inventory levels being so low are pushing prices up and days on market down.  In October, there were only 9,719 homes on the market, a 31.3% decline from October of 2011.  “If the number of available homes continues to stay low and total days on the market remains at historic lows, we’re looking at the potential for a very healthy seller’s market closing out 2012,” said Kirby Slunaker, chief executive of Metrolist.  As we close out 2012, there is no end in sight for a strong buyer demand and limited housing.  The seller’s market has returned after several years of a strong buyers’ market.

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