Today’s look at home sales trends focuses on the Governors Ranch subdivision in Littleton, Colorado 80123 at the request of Jim Urban of Urban Companies.

How to read the graph:

Blue vertical bars represent the average number of days on the market for the sales each month. The average days on the market is represented by a red trend line on the right axis.

The list price and sales price trends are shown with the dark blue and pink lines on the left axis.

What this means:

The list price and sales price trend remain closely correlated. The days on the market trend is increasing, but remains well under 180 days. There are 180 sales in this sample. A small sales count in a month with an extended marketing time can skew the results. However, lengthening marketing times is a consistent trend seen in many markets across the Denver metro area.

The commercial:

Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services in the Denver and suburban mountain foothills areas.

If in-depth real estate market analysis is important to your decision to engage an appraiser, as a homeowner, investor, lender, or for forensic review, call 303-816-1721. Appraisal services include date of death valuations for estates, pre-listing, divorce, FHA and conventional mortgage lending.

Want to keep up with the Denver metro area real estate trends?

Subscribe to this blog! – look for the link at the bottom of the post.

Need to order an appraisal? Order an Appraisal