MARKET REPORT – DENVER REAL ESTATE – DENVER SOUTH EAST

For those of you that held tight & continued to keep your price right and your home in tip-top conditon at all times, it may bave paid off for you this month. Sales are up, homes Under Contract are up and these are all great signs of a market that could possbily be starting to make a turn.

May was a much better month in this part of the Denver real estate market. I will repeat what I said in April: 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! Keep analyzing your price and make sure you are where you should be. The buyers are out there and starting to take serious action.

Here are the DSE – Denver South East numbers for May 2008 – Denver South East Denver South East – Residential Real Estate –

Single Family Homes

Total Active 1800
Average Asking Price Price $758,548
New Listings 1075
Listings Back on Market 155
Sold 270
Average Price Actually Sold $418,832
% of List Price 96%
Days on Market 98
Under Contract 386
Expired Listings 66

Denver South East Condos & Town Homes
Total Active 1430
Average Asking Price $386,852
New Listings 578
Listings Back on Market 125
Sold 211 Average Price actually sold $212,950
% of List Price 97%
Days on Market 116
Under Contract 264
Expired Listings 51

*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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