Denver Homes
Forbes magazine ranks Denver as number 5 on there list of the top 10 cities where it’s a great time to buy a home. Forbes magazine examined current home sales patterns and sales projects in the country’s 40 largest real estate markets to identify these top markets.
Downtown Denver
Based on models that estimated 2008 housing inventory, sales rates, and turnover, the magazine compiled a list of markets that are experiencing price declines, but where buying looks attractive because there is likely to be an increase in sales in the near future.
Here are Forbes and Moody’s10 most attractive markets,along with the median home sales price and there price change from 2006.
- Fort Worth, Texas: $156,500, 1.7 percent
- Kansas City, Mo.: $157,700, -0.7 percent
- Houston: $154,900, 1.4 percent
- Cleveland: $128,700, -7.1 percent
- Denver: $255,200, none
- Long Island, N.Y.: $482,300, 1.7 percent
- Washington, D.C.: $445,300, 0.3 percent
- Orlando, Fla.: $265,100, -2.4 percent
- Phoenix: $264,800, -2.7 percent
- Las Vegas: $307,900, -3.6 percent
Source: Forbes, Matt Woolsey (10/08/07)
Posted by: Randy Bell
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