Your Trusted Real Estate Advisor

The chart shows what has taken place with single-family homes over the past 4 years in the Denver Area. Figures are from Metrolist, Denver's Multiple Listing Service.

Over each of the past 4 years fewer homes have sold each year than the prior year, and the number of homes on the market has increased. The trends indicate that at some point in the future the lines would meet and we would have as many homes on the market as sold in an entire year.

However, that kind of "linear projection" gives a false picture. Nothing stays the same, including trends in Real Estate. The line will go up someday, maybe this year.

This chart doesn't show the number of Days on the Market (DOM), but when I look at those stats, certain areas look better than others. So, we can't look at one chart and say what the market is doing in a specific area.

For example, the DOM for Highlands Ranch is 66 (2007 data), while in the Brighton area it is 134. Aurora North DOM was at 115 and Aurora South at 93. For all areas the DOM for single family homes was 102. The same concept applies to other data (sales relative to homes on the market, average sale price, etc.).