March 2017 Real Estate Statistics

The March 2017 Real Estate Statistics show a strong upswing to the 2017 Spring Denver real estate market. Although the price per square foot is down by 26.65%  the median sales price increased to $370,000. That’s up 4.87% from last month. The number of sold homes also increased by 32.92% and new listings show 31% more inventory than we had in February. Average 30 year fixed-rate mortgages were the big surprise in March. Rates dropped slightly to 4.08% in a year when they are expected to rise.  These March 2017 real estate statistics show yet another busy spring real estate market here in Denver.