Wow! The Denver market is rolling! The total number of properties sold has increased over the previous year since January – up 14.9% year to date. Up 23.9% for May compared to May 2011. Once again the average sales price increased to $284,000 compared to last May at $257,000. Active inventory still remains incredibly low, down 40.8% compared to last May. Causing many buyers / sellers to be in a multiple offer situation. With mortgage rates still incredibly low, its a great time to buy. If you’ve been thinking of selling, now is the time. Less competition.
For a pdf version, click here: May 2012
Lori Vialpando's Blog 