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REAL ESTATE DECISION SUPPORT
Resale home market improves in February
Publish date
03/09/2010
Source
Denver Business Journal
Main Category
Economy - Denver
Article Summary
The residential real estate market in the Denver metro area continued to improve in February, according to Metrolist. The agency reports the measure for resale condos increased 2.0% from January and 9.87% from February 2009 to post 523. However, the measure of 1,913 single-family detached home resales is an increase of 3.9% from January and a decrease of 4.7% from the year-ago measure. Additionally, the under-contract measure posted year-over-year gains of 15.0% to 955 for condos and 3.0% to 3,459 for houses, and relative to the previous month are respective increases of 18.0% and 20.0%. The average price also increased for both sectors, with the resale condo market notching an increase of 20.2% from the year-ago measure and 5.4% from the previous month to post $166,206 and the resale home market clocking respective increases of 13.8% and 3.5% to post $269,688.
