1st Quarter market picking up

 This is straight from the Northern Colorado MLS this morning:

  • Overall sales volume for the 1st Quarter is up 12.86% when compared to the same period last year, with 322 more sales than 2009. Dollar volume is up 13.93%, an increase of $87.8 Million in sales.
  • Residential sales are up 15.24% in dollar volume, an increase of $78.6M, and 9.82% in the number of sales during the 1st quarter.
  • Attached Dwelling sales volume revealed the largest gain when compared to last year: Up 17.68% for the number of units sold and an increase of 11.55% in dollar volume, up $.9.5M. site
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    This is encouraging news. Much of this activity can probably be attributed to the expiration of the $8,0000 tax credit expiring at the end of the month. However, it’s encouraging to see some buyers getting off the fence. After Apr. 30, buyers will still have plenty of homes to choose from.  I’m expecting sales to slow down, but still slowly increase throughout this summer over last year.