The amount of resale activity and price appreciation in the Denver metropolitan market has now reached levels similar to those in 2007. Home sales in the Denver metropolitan area continue to be strong with closed sales up an astounding 21% over November 2011 and avaialble housing inventory is down almost 30% over the same period in 2011. The major question is where are prices headed in December and beyond with the looming fiscal cliff issue. National analysists believe that prices may decline slightly at the end of 2012 moving into 2013. If you are considering selling your home in the next 6+ months, waiting may not ensure a higher sales price and sellers should be aware that they may even see slightly lower sales price as a final result of waiting to sell their home.
See the Denver Metrolist chart below for all the latest data.