Real Estate Trends

by Lori on October 22, 2008

I wanted to bring to your attention a couple of websites. The first one is called www.housingtracker.net. This site shows real estate trends in metropolitan areas around the country. I know with the upcoming election, bank bailout and stock market drop real estate buyers in our market are wondering when they should enter the market again?
Use this website tool to analyze three data points: selling price, inventory and median. The selling price shows the stability of a particular market. The inventory shows if the market is healthy or stagnant. In the Denver area you may notice the inventory is dropping as the median asking price is rising. That is good news for everyone.
In the Estes Park area, our 2008 sales volume YTD is $102,000,000 with the median last quarter being $342,500. Average days on the market for the 3rd quarter was 203 days.

For more information on the benefits of home ownership and how to know when the right time to buy is please visit www.housingmarketfacts.com . Owning real estate can give you a financial edge in today’s market. Hopefully this information can help you watch our market from afar and when you are ready to buy I would be happy to prepare some detailed market information just for you.

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