February and March 2009 looked very promising for our housing market in Denver! Sales were up in February and March 29%. The median price has increased 6.6% to $232,395. Average days on market for condos has decreased to 106 days, down 2.75% over a year ago. The condo sales for 2009 has boomed - primarily due to the $8000 tax credit paid to first time homebuyers. Metrolist has announced our inventory is very low in the $100,000-$200,000 market.
Good news for Denver's housing market!