Joe is back, but first let me give you some Mid Year Denver Real Estate updates of my own:

Average Prices are up in all the MLS areas I follow.  Inventory continues it contraction, and for mid-year stats, this is unprecedented.  Overall, I’ve said it before and I’ll say it again, Denver came into this first, and will lead the country out of this first, and it is…tc

Super Joe Hubert

June – 2012 Real Estate Market Update (Straight from Joe)

Entire MLS (All Areas)

Residential Highlights

• 20.8% increase in number of closed sales compared to June 2011 (3,981) (Kentwood close to +50%)
• 16.8% increase in number of closed sales year-to-date (17,628) (Kentwood close to +50%)
• – 48.4% reduction in absorption rate (2.2months)
• 11% average increase in price for homes sold ($324,497)

Condo Highlights

• 17.6% increase in number of closed sales compared to June 2011 (923)
• 12.9% increase in number of closed sales year-to-date (4,232)
• – 59.2% reduction in absorption rate (2 months)
• 14.6% average increase in price for condos sold ($181,578)

Click here for Full report of entire MLS