Super Joe Hubert

Hi Tom,

A good start to the year with single-family home sales increasing 15.6% and condos sales

increasing 10.4% compared to last January. The trend of fewer homes on the market continues with a 39% reduction in single-family homes on the market. Absorption rate has also decreased to a 4.4-month supply in the greater Denver Metro area. When do you think home prices will start to rise?

Just a reminder that you can always get the latest real estate stats for any mls area on my web site at LandTitleMarketingSolutions.com. This is link to a click-able metrolist map that has full reports for all areas.

January – 2011 Real Estate Market Update
Entire MLS (All Areas)

Residential Highlights
15.5% Increase in closed sales year over year
45.1% Decrease in Absorption Rate (4.4 months)
39.1% Decrease in active listings (8,356)
2% Decrease in average sold price ($272,328)
Condo/Townhome Highlights
10.4% Increase in closed sales year over year
50% Decrease in inventory (2,087)
2.4% Decrease in average sold price ($146,544)