Indeed the real estate market is changing again. The Denver and suburban neighborhood matters. So does the price range. Remember absorption rate? If there are <6>6 months supply, then we call is a buyer's market. In general, homes less than $210,000 with a absorption rate less than 3 months. These affordable homes have a strong seller's market due to decreased inventory and constant demand. Homes from $210,000-$315,000 have a fairly balanced inventory with the most volume and much pent up demand (an absorption rate of 5 months). Homes from $315,000-$460,000 have a slight buyer's market (an absorption rate of 8 months). Homes priced above $460,000 have a very strong buyer's market (an absorption rate of 20 months).
For the details of your specific neighborhood, just ask me for a quarter 3 2009 heat map. I'll email it to you free of charge.
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