Remember all the stories a few months ago forecasting that Banks would depress real estate prices by listing lots of “Shadow Inventory” in the Denver MLS? While this was true for many large cities in the US, it wasn’t true in the Denver real estate market. First, let’s define Shadow Inventory. Exhibit 1: Shadow Inventory […]
Truth About Denver’s Real Estate Bubble
By Lon Welsh, Your Castle Real Estate (Ed: Lon is a professional statistician who knows how to analyze the real estate market. He is a Blogger at All Denver Real Estate and Active Rain. He works with home buyers, sellers and investors. Check out his profile here. This is the first of a two part […]
Aurora Market
by Lon Welsh, Aurora Real Estate I think that the Denver suburb of Aurora, particularly the northern half of Aurora, is near the bottom of the market cycle. Positive market trends I have noted this year: – Active listing count is steadily declining – List prices and sold prices, on average, are pretty stable after […]