DENVER METRO SALES PRICES UP!
According to sales figures released by Denver Metro List for the month of February, the average sold price for both residential and condos are up considerably over 2009 figures. The average sold price for residential properties is now $269,688, an increase of 13.83% over 2009 sales. For condos, the average sales price is up even more, with an average sales price of $166,206, which is an increase of 20.23% over 2009 figures.
What is down, are days on market and inventory. All good signs that the Denver housing market is starting to rebound. Most experts anticipate the tax credit for both first-time homebuyers of $8,000 and the tax credit of $6,500 for current homeowners who are buying a new primary residence will terminate as scheduled on April 30, 2010. Since that is the beginning of the traditional home buying months, it is hoped that the Denver housing market will continue to show signs of improvement throughout all of 2010.