What's market doing in northern Evergreen?

The chart below illustrates the market trend in the Mountain Evergreen North (MEN) market segment of the Denver Metrolist. The area includes the northern portion of Evergreen, Colorado.

The chart below illustrates the days on the market with a red trend line on the right axis and the list price and sales price trends in the dark blue and pink lines on the left axis. The list price and sales price trend remain closely correlated. The days on the market trend is fairly steady over the past twenty-four months at well under 180 days.

The next graph shows the supply and demand trends in the same market segment. The inventory level has increased through 2008 and the number of monthly sales is trending downward.

The graph below shows the change in the rate of monthly sales compared to the same month a year ago. The number of sales in this market has decreased each month since February indicating the market is slowing.

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Disclaimers and Acknowledgements

The research done to gather the data involves examining thousands of listings. With this much data inaccuracies will occur. Care is taken in gathering and processing the data and information within this report is deemed reliable. IT IS NOT GUARANTEED. The real estate market is cyclical and will have its ups and downs. Past performance cannot determine future performance.

This information is offered with the understanding that the author is not engaged in rendering legal, tax or other professional services. If legal, tax or other expert assistance is required, the services of a competent professional are recommended. This is a personal blog reflecting the opinions of its author. Statements on this site do not represent the views or policies of anyone other than me.

Investing in real estate is not a get-rich-quick scheme nor is there any guarantee you will make a profit. Every effort has been made to make this report as complete and accurate as possible. However, there may be mistakes. Therefore, this report should be used only as a general guide and not as the ultimate source for making money in real estate.