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The economists are telling us Denver is one of a handful of cities that is poised to improve sooner rather than later.  Colorado enjoys a central location, great climate and outdoor activity, well-educated work force, and a diverse economy.  

Denver presents a housing market that did not appreciate rapidly during the past decade, thus prices were not overinflated like many areas.  Many Denver builders also slowed production not long after 2001, so current available inventories are decreasing both in new homes and condos, and existing home sales. 

In the first quarter of 2009, the market has been segmented.  Many homes under $200K are experiencing multiple offers and bidding wars.  Days on market is decreasing.  In the $200-300K range, activity is strong, we are even seeing some buyers in the range able to take advantage of the $8000 tax credit.  Over $300K is improving slowly as buyers are finding they can buy more home for less, expecially when they apply historically-low interest rates to their financing.