Denver real estate is always interesting.  With April statistics out a little later in the month than usual, and a recent business trip, the April report is finally here!
And… what do we see?

• Inventory is unusually low for the Spring.  This could impact prices in future months, if Buyer demand improves and inventory stays low, prices will improve.
• Prices are flat and down from last year.  Not a surprise since we’re still recovering and last year’s tax credit generated high demand.
• Under contract properties jumped in a big way over March 2011.  A good reflection that Buyers are finding what they’re looking for and executing contracts.
• Home closings dropped from April 2010.  That tax credit frenzy last year.  Closings are up from March 2011, which shows we’re in a more typical Spring market.

The year 2011 is proving to be pretty much as we thought.  Steady.  There are no surprises.  The well-priced homes in great condition are selling, and often in under 90 days.   Buyers are conservative and still want bargains.  Mortgage rates are extremely favorable, and jumbo loans are easier to obtain than a few years ago.
All in all, it’s a more normal-feeling Spring than it has been in a few years.  Except for the buckets of rain coming down for weeks. Some of us are wondering if we’ve woken up in Seattle!
Enjoy your Memorial Day weekend.  Have some ice cream!
Search for your next Denver home at www.GretchenRosenberg.com.
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