Archive for October, 2010

Analysis of the Denver, NC absorption rate indicates an inventory of 13.9 months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of Denver listings if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional homes that will come on the  market in the future. Click on the chart below to see current statistics of Denver, North Carolina Homes For Sale,  the number of expired listings, and sold homes by price range.  Visit Denver Real Estate Market reports to view the current report.

Homes in Denver, North Carolina are on the market an average of 64 days.  To view the most complete information on the Denver real estate market including average home prices, days on market, and absorption rates, please visit http://www.lakenormanhomeconnection.com/e-book-reports.

Currently there are 38 sales pending in the market overall,leaving 299 listings still for sale.  The
resulting pending ratio is 11.3% (38 divided by 337). Taking a closer look, we notice that the $200K – $300K price range has a relatively large number of contracts pending sale. We also notice that the $200K – $300K price range has a relatively large inventory of homes for sale at 62 listings. The average list price (or
asking price) for all homes in this market is $461,529.