Home-sales Numbers for Denver area Shows Lots of Upward Movement

One word describes real estate analyst Gary Bauer’s metro Denver home sales report for March: “up.”  Inventory is up. Activity is up, with more sales and more contracts being written. And prices are up.  “On a percentage change basis, for March’s month-over-month, this is the second best report in all the records that I have going back to 1985,” said Bauer.

The inventory of homes for sale rose 2% in March from February, to 10,325 homes.  Buyers put contracts on 5,328 homes in March, a 28% increase from the prior month and a 49% increase from March 2011.  Average sales price for condos and homes went up to $259,422 – a 5% hike from February and a 4% jump from the average price in March 2011.
Read article – Denver Business Journal

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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