MARKET REPORT – DENVER REAL ESTATE – DENVER SOUTH EAST – MARCH 2008

This part of the Denver real estate area has an oversupply of homes available now. With about 9 months supply, sellers will need to watch their pricing and condition. Patience is necessary because if you are trying to sell right now, one month seems like a year. It can be very frustrating indeed!

So with an average days on market at 129, the sellers may be going a bit crazy. The buyers are entering the market more now than before and most have seen a lot of inventory. If you are priced right and the home shows well, these buyers will know it and put forth their offers on your home. Pricing the home right and creating offers is far more important than waiting at the wrong price to negotiate with someone. That may never happen!

Here are the DSE – Denver South East numbers for March 2008 – Denver South East Denver South East -

Residential Real Estate – Single Family Homes 
Total Active 1626 
Average Asking Price $721,625 
New Listings 913 
Listings Back on Market 144 
Sold 180 
Average Price Actually Sold $425,650 
% of List Price 96% 
Days on Market 129 
Under Contract 305 
Expired Listings 68 
Denver South East

Condos & Town Homes 
Total Active 1406 
Average Asking Price $370,110 
New Listings 541 
Listings Back on Market 100 
Sold 127 
Average Price actually sold $216,619 
% of List Price 97% 
Days on Market 135 
Under Contract 209 
Expired Listings 53

*Statistics from MLS deemed accurate but not guaranteed. *These numbers may not include homes that are sold by owner (FSBO) and New Construction

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