edgewater

The tight-knit working-class community, known in the 1880s for its bordellos and saloons, has been luring city-dwellers away from Denver in favor of its small-town atmosphere. Families stroll Edgewater’s quiet streets to patronize the outcropping of new cafes and shops, and the biking and jogging paths of Sloan’s Lake are just a few blocks away.

The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.