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The Denver Post picked up a problem with the way seller concessions are reported. Sellers may help with down payments or home financing. That needs to be recorded in Denver.

After a home is sold the listing brokerage inputs the sold criteria into the Metrolist data base. This criteria includes the sale price of the home, interest rate of the mortgage and concessions made regarding the sale.

What is being overlooked by many brokerages are the sales concessions. A trend of late is to offer to pay the buyer's closing costs and sometimes a portion if not all of the downpayment (legally up to 5% for FHA loans).

While sellers have been offering incentives for a long time, it seems only lately that the incentives have become large enought to skew the statistics. While it is true that all the stats are not 100% correct, enough data is being reported correctly, that the trend for a neighborhood can be detected.

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Read more from this blogger: Real Estate & Relocation ^ Colorado: Denver real estate; sold data