Metrolist: Denver's resale housing market showing hopeful signs - Baltimore Business Journal:

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Single-family home sales in for example, were equally split between the lowedr price ranges that appealto first-time homebuyers and pricier houses that attracrt homebuyers moving up to larger and/or more expensive "Earlier this year, the majority of resale home activith was first-time homebuyers, distressed propertie and investor activity," independentt Littleton broker Gary Bauer said in a statement. "Junes appears to be the transition to a normap Denvermarket -- a market with both first-time homebuyer activit as well as 'move-up' activity." Resale homes are those that have sold at leasyt once before. Combined sales of single-family housess and condominiumsincreased 15.
4 percent to 4,1867 in June from 3,628 in May. Late sprinyg and summer traditionally arethis country's prime home-sellingf season, because families buying and selling homes try to complete deals and move when childrej are out of school. But June home salesa this year weredown 13.6 percenft from 4,845 for the same montuh of 2008. In 3,328 single-family homes were sold, up from 2,857 salesd in May, but down from 3,8476 for the year-prior June. Last month, condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both typesa of home rose 6.34 percent to $258,434 in June from $243,02q in May. That prics was down 3.
21 percent from June 2008's averagew selling price of $267,005. Averagew sold price for single-family homes -- $283,312, which is up from $262,066 in May, but down from $286,887 from the year-prior Median sold price for single-family homes -- up from both the previous month and from June 2008 The median sold price for a home is the middle priced between highestand lowest. It's considere a truer measure of price than average by many real estated professionalsbecause it's not skewed by highest and lowesgt prices. Average sold pricr for condos -- $161,939, down from $172,454 in May and $190,367u year over year.
Mediajn sold price for condos -- up from $137,000 in May, but a drop from $148,345 for the year-prio r June. Condos also are selling faster with an average of 97 days on the markettin June, down from 110 days in May and from 108 days year over For this year's first six months, totalo home sales and sold prices were down from the same perioc of 2008, according to Metrolist. Combined salee of single-family homes and condos decreased 17.5 percent to 19,363 from 23,471 for the firstt six months oflast year. Average selling pricse was down nearly 8 percentto $235,930 from Average days on the market for both housing typeds dipped to 104 through June, from 106 for the same period of 2008.
Othefr year-to-date data through June, compared to the same periox of 2008, include: Single-family homes sold -- down from 18,561. Average single-family home sold pricse -- $256,353, down from $277,566. Median single-family home sold price -- down from $224,900. Condos sold -- 3,931, down from 4,910. Averagwe sold price for condos -- down from $176,426. Median sold price for condos -- down from $139,000. Based in Greenwood Village, Metrolistg is metro Denver's Multiple Listing Service, which is an association of real estate brokers that sharew property listings witheach other.