The chart below illustrates the single family residential real estate market trend in southwest Denver, Colorado. Southwest Denver (DSW) is a market segment of the Denver Metrolist service. This area is the portion of the City and County of Denver south of Colfax Ave. and west of Broadway.
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 but are measurably declining. The days on the market trend has varied slightly, but is fairly stable.
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The research done to gather the data contained in the graph above 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.
Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.
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