Again, we’re seeing positive numbers for the entire Colorado housing market. The Number of Denver homes for sale that successfully closed rose 13.5% in February year-over-year from 2011. This increase in sales is consistent with the numbers we’ve been reporting here for the past severl months.
From the Colorado Division of Housing:
The number of single-family home sales closings increased again in February in metro Denver, the Pikes Peak Region, and statewide. According to home sales information released by the Colorado Association of Realtors, the number of single-family closings rose 13.5 percent in metro Denver during February 2012 compared to February 2011. Over the same period, closings rose 17.6 percent statewide, and 14.3 percent in the Pikes Peak region. Statewide in February, there were 3,746 closings. 2,036 of them were in the metro Denver region and 511 occurred in the Pikes Peak region.
Keep in mind, these increased sales are coming at the same time that inventory has declined by over 30% year-over-year. This has resulted in a pretty severe shortage in homes priced under $300,000 in the Denver metro area. Our team has been a perty to many bidding wars for homes over the past few months and we don’t see this trend decreasing anytime soon.
If you are considering buying any of the available Denver homes for sale, especially Denver HUD homes or Denver foreclosures, make sure you get set up on one of our daily email alerts so you don’t miss the more popular homes when they come on the market. You can have our team set you up on these alerts by calling us at 303-726-1874.