March sales for single-family homes and attached residences were greater than the sales for January and February combined.

Within Boulder, the market for homes below $1.2 million has become a “seller’s market” with well-priced properties going under contract quickly and often with multiple offers. A very high percentage of active listings are under contract, so buyers have a very limited selection and need to be much less particular.

Areas outside of Boulder also are experiencing strong sales but at lower price points.

The market between $1.2 million and $2 million has improved, but it is not a “seller’s market.” It is more balanced with home prices not being discounted as much as they have been.

The ultra-luxury market above $2 million has improved, but inventory levels continue to be high so sales are often discounted significantly. The ultra-luxury market continues to be a “buyer’s market.”

Markets are driven by consumer confidence and enthusiasm. The middle to lower end of the markets are leading the way. I sense that as we move into the stronger sales months, the confidence and enthusiasm of the lower segments will spread to the upper end of the market and by midsummer sales and inventory will be similar to the current lower end of the market.

David W. Scott, principal broker at The Scott Group of Colorado Landmark, Realtors, can be reached at 303-588-8358 or dwscott@coloradolandmark.com .