Tagged : home sellers

The State of the Denver Real Estate Market – October 2009

Monday, November 9th, 2009 at 1:06am. 151 Views, 0 Comments.

Maybe you have not realized it just yet, but changes are upon us in the local metro Denver real estate market.  October, 2009 has set some records in home sales, which on a broader scale indicates a shift in the market to one of recovery and strength. 

During October there were 4,910 home that were placed under contract while the previous record for an October was in 2005 with 4,839 homes.  The majority of these sales have been under the $400,000 mark and driven by first time home-buyers.

What caused the crazy market?  Well pent up demand from the previous year to start and the $8,000 tax credit to first time home-buyers also helped to push it along.  The fact that the tax credit program has been extended and expanded to also include some existing…