Market Trends

The chart below illustrates the single family residential real estate market trend in northeast Denver, Colorado. Northeast Denver (DNE) is the portion of the City and County of Denver north of Colfax Ave. and east of Broadway. This view is intended to give the reader a macro view of the market. There are submarkets contained in this data with varying performance.

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 declining. The days on the market trend is fairly stable, but slightly decreasing as is typical for the season. The second chart shows the number of sales per quarter is rising slightly.

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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.