National home prices increased 3.6 percent in the second quarter over the first three months of the year, signaling a slight comeback in the U.S. housing market. However, more increases later this year will be required in order to keep the momentum going.
The second quarter increase comes after three consecutive quarters of home price decreases. It remains to be seen if the housing market can continue gaining ground throughout 2011.
Denver, Colorado’s housing market has been fortunate enough to experience an increase in activity and low supply of homes, creating a seller’s market that is very gripping for potential buyers. Sellers are very happy that their homes now receive multiple offers and often go for above asking price.
For now, we can only wait to see what the coming weeks and months hold for the real estate market in Denver and across the country. Read the CNN Money article for more information about the increase in home prices for the second quarter of 2011.
If you would like to learn more about the current Denver housing market and what it takes to buy or sell a home, call Ann Meadows at 888-860-1931.
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