photo credit: The-Lane-Team

There were increases in the RECI's 1-10 scale this month. It rose 0.70 percent to 5.76 in June up from last month. It experienced a three percent increase due to the long term optimism for the indexs 12-18 month outlook.

There was a relative small increase for the short term (3-6 months) scale of 0.53 percent to 5.64. While looking for a natural, self sustaining recovery in the market, the lack of direction and positive outlook from agents and brokers over the past twelve months is an indication that the government incentive programs have helped, but are far from stabilizing the market.

A survey from 2574 real estate agents from across the country showed that the long term outlook of agents exceed the outlook for the short term. However, feedback looked confusing and mixed with some agents referring to healthy sales activity and others citing low interest rates as the primary driver in the market.

Read the full press release

Posted in main, Headlines, Denver Colorado Real Estate, Real Estate Investing, Uptown Denver Lofts and Condos, Downtown Denver Lofts and Condos, Denver Market Statistics by Zip Code, Denver Loft and Condo Market Reports

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