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Highlands Ranch and Lone Tree Real Estate
Market Report June 2008
The real estate market in Douglas County fared better than many other areas of Denver, as seen by the statistics gathered last month (June 2008).
However, when compared to last June (2007), the number of homes sold and a number of new listings on the market are down.
There is good news! The Highlands Ranch and Lone Tree homes for sale average 67 days on the market and are holding steady. This is much better than many other metro Denver areas. In addition, homes under $300,000 are selling exceptionally well. The absorption rate for homes under $300,000 is 1.79. This means that at the current rate of home sales, it would take only 1.79 months to sell the inventory of homes. The absorption rate of 1-4 is considered a seller's market, 4-6 is neutral, and 6 and above is a buyers' market.
Looking to make a move?
Let us help you find your dream home in Highlands Ranch or Lone Tree. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.
Number of Homes sold in June 2008 versus the number of homes currently on the market for sale
The majority of homes - 74% - sold in Highlands Ranch and Lone Tree in June were from $200,000 to $300,000
What does this all mean? Well, if you have a home in the above price range and are considering selling, this would be a great time to do so! Also, Buyers, there are still great deals out there! Need some help locating them? Give us a call: 303.710.2609—Brian Burke Direct.
Based on whole or part of data from Metrolist. Information is believed reliable; buyers must verify independently. Data may not reflect all real estate activity in the market.
