RE/MAX Alliance Well-Positioned For Denver’s Economic Growth!

According to the Policom Corporation, a Florida based economic research firm, Denver has the nation’s third-strongest economy out of 366 metro areas analyzed across the country. Their report is based on two decades’ worth of jobs and income data. This is the highest ranking ever for Denver in Policom’s annual report, having moved-up from seventh place last year.

Policom’s report is based on 23 different economic factors from 1989 to 2008. Factors include wages and income broken down in a variety of ways, plus jobs in key sectors.

Among other Colorado cities, Policom’s report ranked Boulder 87th (up from 102nd last year); Greeley 88th (up from 150th last year); and Fort Collins/Loveland 103rd (up from 114th last year).

Statistics for Denver and the surrounding area show Single Family Homes and Attached Units are up by approximately 6.46% through May as compared to the same timeframe in 2009. The overall Absorption Rate has decreased from 192 days in 2009 to 189 days in 2010. (The Absorption Rate is the amount of time it would take for ALL the Available Inventory to sell assuming the rate of sales activity remained the same and no new listings came into the marketplace.)

“Home values continue to improve across the area, and the statistics show that the real estate market overall is improving”, said Chad Ochsner, Broker Owner of RE/MAX Alliance. “Our professional and experienced associates continue to rank in the top 25 of all real estate companies in the nation, which is a great indicator of not only their commitment to their clients, but also of greater consumer confidence. Our associates have unique tools to assist home buyers and sellers and so are well positioned throughout Denver and the entire Front Range to assist buyers and sellers”, he added.