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 LandTitleMarketingSolutions.com. 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.

Sincerely,
Joe

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

Advertisements

About Tom & Dee Cryer

Your Friends 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

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

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s