Super Joe Hubert Is Back with March, 2012 the Denver Residential Market Update

Joe is right on the money this month.  For the last 60 days, it’s been nothing but multiple offer transactions and bidding wars under $350K.  Activity in the higher price ranges is also ahead of last year.  I’d love to hear from you on what you have observed…tc

Super Joe Hubert

Super Joe Hubert

Hi Tom,

Spring has arrived and it’s time to sell more homes! Take a peek at this month’s eNewsletter for up-to-the-minute industry news and real estate stats.

For even more information to help you with your marketing, visit There you’ll be able to peruse past Referral Marketing archives, plus new articles are added every month from our knowledgeable sales reps.

You can also Like us on Facebook so you’ll have fast access to new information as we post it.


1st Quarter Summary for the following areas:

March – 2012 Real Estate Market Update
Entire MLS (All Areas)

Residential Highlights

  • 12.0% Increase in closed sales year over year
  • 45.0% Decrease in Absorption Rate (4.2 months)
  • 39.4% Decrease in active listings year over year (8,303)
  • 3.7%    Increase in average sold price ($284,035)

Condo/Townhome Highlights

  • 7.7%  Increase in closed sales year over year
  • 49.4%  Decrease in inventory year over year (2,022)
  • 1.2%    Increase in average sold price ($161,848)
  • 23.0% Decrease in average days on market (97)

Click here for Full report of entire MLS
For individual area reports, please scroll to the bottom

About Tom & Dee Cryer

Your Trusted Advisors in the Homeownership Business!
This entry was posted in Buying or Selling Real Estate, Denver, Denver Housing, Denver Residential Real Estate and tagged , , , , , , , . Bookmark the permalink.

Thank you for your comment.

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.