If you’re expecting any of the data here to make the front page anytime soon, don’t hold your breath. These numbers aren’t bleeding, so they’re not leading.
But there are embedded glimmers of hope for people clamoring for positive real estate indicators.
Housing inventory is up over last month, but compared to this time last year when our market was saturated, the trend is absolutely positive. The combination of sales, unreasonable sellers and more motivated bank activity has certainly contributed to this overall decrease. Housing prices have decreased in the past 12 months, down close to 10k since 2006. But month-to-month numbers have shot upward, as have the under contracts on the single-family side. The condo market still isn’t the greatest, but the month-to-month upticks are still pretty encouraging.
So when can you expect a local talking head to report on the eventual uptick in the Denver housing market? When their house sells for more than what they paid for, I’m guessing. If you’re curious what houses are selling for in your neighborhood, go to this search tool to find out. To find what they sold for, go here