As I stated in my appearance on The Denver Channel, properties currently under contract have had a year over year improvement of 22.5%. This is important because it is the first market data over the span over 1 full year, without any artificial market influences like federal tax incentives, etc. Denver is a market poised for great gains. Consistently making it's ranking in the top 10 markets according to the latest Case-Shiller Index and ranked number one of the cities between both coasts. While I remain cautiously optimistic, I think there are signs of life in the Denver Metro real estate market. With rental units at a vacancy rate below 5% (the lowest in more than a decade), the argument for potential buyers entering or reentering the market place becomes even more compelling.
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