First-Time Buyers March Surge

First-time buyers drive March surge in Denver-area home sales - With the deadline looming to take advantage of an $8,000 federal tax credit, first-time buyers helped boost Denver-area home sales in March by nearly 50% over the previous month. There were 3,602 homes sold last month - up 47.9% from February and a 12% increase from March of last year. Approximately 70% of the single-family homes sold last month were priced below $300,000, and below $200,000 for condos. Median prices for single-family homes were $229,000, up 12.3% from a year ago.
http://www.denverpost.com/business/ci_14849071