"The 2014 Spring/Summer selling season is
well underway! Fresh off the heels of our inaugural market stats
report last month, single family and condo market indicators are spiking
generously in May, with double-digit percentage increase in new listings,
sold listings and overall sales volume. In particular, the condo market is
sizzling hot! Our year over year median and average sales
prices also eclipsed double-digit marks. This recent increase in property
values is welcome news for sellers who are lighting up the phones lines
throughout the Denver region as they seriously consider putting their
house on the market. While buyers don't like to sit on the fence and watch
housing prices limb, they certainly don't seem to be discouraged as they
prepare to get pre-approved and anxiously take their place in line to
snatch up or compete for the latest new listings that hit the market."
- Anthony Rael, Chairman - Denver Metro
Association of REALTORS Market Trends Committee
