Denver Market Update

All signs are to a rapidly recovering real estate market. 

Comparing January – June of 2012 to the same period last year:

Median prices are up 7.9%
Days on market are down 32 days to an average of 72
The share of total sales that are distressed (REO or short sale) is down 31%
Total sales are up 20.2%
Total inventory is down 20.4%

Every single statistic is positive.  When this is coupled with recent studies showing the Denver market to have among the lowest overhang of Shadow inventory of any large city, it certainly looks like this market is turning around quickly!