Denver Real Estate – REAL Trends Housing Market Report

Sales showing signs of life

 

April 14, 2011 – The REAL Trends Housing Market Report for March 2011 showed that the annualized rate of the combination of new and existing housing sales increased from 5.085 million in February 2011 to 5.278 million in March 2011.  However total sales unit were down 5.7 percent from March of 2010.

The average price for new and existing homes sold was up 2.4 percent from March 2010.

Housing unit sales for March 2011 were down 13.9 percent in the northeast followed by a decrease of 13.0 percent in the midwest.  The west region had the best performance where housing unit sales were down only .3 percent from March of 2010.

Average prices of homes sold in March 2011 increased 2.4 percent across the country.  The northeast had the largest increase with the average price up 7.6 percent followed by a 2.3 percent increase in the west.  The midwest saw the largest decease with the average price of homes sold declining

Average prices of homes sold in March 2011 increased 2.4 percent across the country!