Denver-metro Real Estate Market Analysis
By Patrick Murray, Denver Realtor
(HomeSmart Realty Group | Denver Real Estate)
Hi There Everyone,I just had a client ask me whether it's a Seller's or Buyer's market. So, maybe some of you are asking the same thing. Here are my thoughts:For May 2012, The MLS Monthly Indicators Report for the Denver-metro area (Residential & Condo), shows good news for Median Sold Price going up 13.6% and Average Sold Price moving up 11.3%. This is based upon the change from May 2011 to May 2012. Take into consideration we have a low housing inventory, so that is driving some of those stats. For Sellers...it's always good for these indicators to go up. Thus, I would say it's a Seller's market. But is it optimum timing for homeowners to sell? Well, that answer will vary; as it depends on what price you bought your home for, what are the homes selling for in your neighborhood, what p...
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