Huge increase in Month over month numbers. Year over year data is down, but improving...
From The Denver Post:
Denver market shows signs of life
Metro Denver's housing market experienced a big bump from February to March, but sales and prices continue to lag year-ago levels. The number of area homes sold in March increased 29.1 percent to 3,206, compared with 2,484 in February, according to data released Tuesday. That's still down 13.6 percent compared with the same month a year ago. "It's the beginning of the prime selling season," said Gary Bauer, an independent real-estate analyst. "We're seeing pent-up demand and people out there looking to purchase homes." The median price of a single-family home was $203,950, up 6.2 percent compared with last month but off 9.3 percent from March last year. The median price of a condo was $128,500, a 9 percent increase over February and down 2.7 percent compared with the same month a year ago.
Metro Denver's housing market experienced a big bump from February to March, but sales and prices continue to lag year-ago levels.
The number of area homes sold in March increased 29.1 percent to 3,206, compared with 2,484 in February, according to data released Tuesday. That's still down 13.6 percent compared with the same month a year ago.
"It's the beginning of the prime selling season," said Gary Bauer, an independent real-estate analyst. "We're seeing pent-up demand and people out there looking to purchase homes."
The median price of a single-family home was $203,950, up 6.2 percent compared with last month but off 9.3 percent from March last year. The median price of a condo was $128,500, a 9 percent increase over February and down 2.7 percent compared with the same month a year ago.
Read the whole article.
Tags: denver real estate, denver properties, real estate
Denver Real Estate Market News
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The Brian Petrelli team focuses on residential real estate in the Metro Denver area.
We're a pretty big deal ;)