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

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Single-family home sales in June, for were equally split between the lowee price ranges that appealto first-time homebuyers and pricier housees that attract homebuyers moving up to larger and/or more expensivde homes. "Earlier this year, the majority of resaler home activitywas first-time homebuyers, distressedr properties and investor activity," independent Littleton broker Gary Bauer said in a "June appears to be the transition to a normal Denvef market -- a market with both first-timre homebuyer activity as well as 'move-up' Resale homes are those that have sold at least once Combined sales of single-family houses and condominiums increased 15.
4 percengt to 4,186 in June from 3,628 in May. Late spring and summe r traditionally arethis country's prime home-sellingg season, because families buying and selling homees try to complete deals and move when children are out of But June home sales this year were down 13.6 perceng from 4,845 for the same month of 2008. In 3,328 single-family homes were up from 2,857 sales in May, but down from 3,84y7 for the year-prior June. Last condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both typesx of home rose 6.34 percent to $258,43 4 in June from $243,022 in May. That pricse was down 3.
21 percent from June 2008's averagwe selling price of $267,005. Average sold price for single-famil homes -- $283,312, which is up from $262,066 in May, but down from $286,8887 from the year-prior Median sold price for single-family homes -- up from both the previous month and from June2008 ($230,000). The medianh sold price for a home is the middle price between highestand lowest. It's considered a truer measurwe of price than average by many real estate professionalesbecause it's not skewed by highest and lowest prices. Average sold priced for condos -- $161,939, down from $172,4544 in May and $190,367 year over year.
Median sold pricew for condos -- $139,837, up from $137,000 in May, but a drop from $148,345r for the year-prior June. Condos also are selling faster with an average of 97 days on the market in down from 110 days in May and from 108 days year over Forthis year's first six months, totap home sales and sold prices were down from the same perio d of 2008, according to Metrolist. Combined sales of single-family home and condos decreased 17.5 percent to 19,363 from 23,472 for the first six months of last Average selling price was down nearlt 8 percentto $235,930 from Average days on the market for both housint types dipped to 104 through from 106 for the same period of 2008.
Othetr year-to-date data through June, compared to the same periofd of 2008, include: Single-family homes sold -- down from 18,561. Average single-family home sold price -- down from $277,566. Median single-family home sold pricw -- $211,000, down from Condos sold -- 3,931, down from Average sold price forcondows -- $155,753, down from $176,426. Medianh sold price for condos -- $129,000, down from Based in Greenwood Village, Metrolisr is metro Denver's Multiple Listingt Service, which is an association of real estate brokers that sharw property listings witheach other.