It is always interesting to see what the National Association of Realtors has to say and yesterday was no real surprise. What they did not say and could not know was that in July over 2200 single family homes sold in the metro area and 563 condos and townhomes sold and closed.
Many years ago I remember posting at the www.HighlandsRanchRealEstateBlog.com a note that there was an increase from 24,000 licensed brokers to over 42,000 in one year. That was a huge change.

Yet today from conversations and just watching  various statistics I know there are about 25% fewer Realtors who are currently active licensees. I expect that number to shrink even further as those who are approaching retirement age follow that option and those whose license expires decide not to renew.
Do those numbers reflect what has also happened to sales? It is interesting to note that in July 2007 we sold 3120 single family homes in metro Denver versus 2267 in 2010. That is 74% of what was sold in 2007…
It clearly is not a great market, but homes are selling.  Of course they cannot sell if they are not on the market. 

A full time professional Realtor can give you honest answers about your local market. You may want to know if your broker is going to be arround next year and an indicator could be their license renewal date. You can check it at the Colorado Division of Real Estate website http://www.dora.state.co.us/real-estate/. But my guess is a full time pro is your best choice in a market like this.

When considering buying a home in the Colorado Front Range area, especially in the metro Denver area, buyers really need to know the information I published at this page http://www.denverrelocation.com/11ThingsinHighlandsRanchRealEstate.html.
It is copyrighted and personal for your personal use only.
If you know of someone thinking of buying a home in Denver, send them this link. It could be very valuable to them.

Moving is not always an easy task, and often can create huge rifts in even the strongest of relationships. Sometimes a third party is needed to talk to; someone who won’t “shrink” you but rather “stretches” you to think differently. When I get to that point, Jonathan Weiss  at www.empoermentsystems.com  is my guy. He can and will stretch you.

But fabric can be better. CHeck out www.bccblinds.com and speak to Rhonda. She has done great work for me and my clients. rdamraur@bccblinds.com

http://www.jimrenshaw.com posted some very exciting real estate sales data for Denver. I have been saying we were turning the corner since last March and I finally feel vidicated.

I just uploaded a note at www.highlandsranchrealestateblog.com that might help you understand.

This would confirm that the inventory has in fact hit the LOW critical mass and that demand is starting to push prices up.  It is about time and, remeber, you heard it here in 2008, that the bottom was behind us. See my previous posts at www.highlandsranchrealestateblog.com

6210 South Monroe Drive

This updated property just went on the market on Monday. Make sure to take a look at 6210 S Monroe Drive, Centennial, Colorado. Priced at 269,900 it offers many updated items including energy efficient vinyl windows, a newer kitchen, a detached 2 car garage & shop plus a 1 car attached garage. See http://www.denverrelocation.com/6210SMonroeCentennialCoPage1.html for a virtual tour.