Summer’s Over, But Not the Buying Season

When I travel out of state, I inevitably strike up the same conversations that I do when I meet new friends here in Denver. Which start with something like this: “How’s the market in Denver? Is it bad as it is here in (enter another city here)?”

Usually, my answers are, “Not as bad you think,” and “Definitely not as bad as (enter same city here).”

Let’s not look past the fact that 2008 is acting consistently to 2007 in terms of homes sold per month.

This August

  • 765 homes were sold in the city of Denver, a dip of 8.3% from this time last year.

But, this past July

  • 925 homes were sold in the city of Denver, an increase of 11.3%!

While there was discrepancy between the months as they compare to those same dates in 2007, the overall tally remains effectively the same over the past 60 days! And the drop-off from July to August is considerably higher than the rally the Denver market usually runs through from August to September.

The MLS reported 613 homes sold in September 2007. Let’s try to break that, starting with one of these:

2749 South Cook Street

2465 South Sherman Street

613 Brentwood St.

1008 Corona St. #306

Karl Lueders is a Denver Realtor with The Kentwood Company at Cherry Creek. He can be reached at 720-971-8267.