Metrolist: Denver's resale housing market showing hopeful signs - The Business Journal of the Greater Triad Area:

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Single-family home sales in for example, were equalluy split between the lower price ranges that appealto first-tim e homebuyers and pricier houses that attracft homebuyers moving up to larger and/or more expensivs homes. "Earlier this the majority of resaler home activitywas first-time distressed properties and investor activity," independent Littleton broker Gary Baue r said in a statement. "June appearas to be the transition to a normal Denvermarket -- a marketf with both first-time homebuyer activity as well as 'move-up' activity." Resale homes are those that have sold at leasf once before. Combined sales of single-family houses and condominiumsincreaser 15.
4 percent to 4,18t in June from 3,628 in May. Late sprinbg and summer traditionally arethis country'x prime home-selling season, because familiex buying and selling homes try to completew deals and move when children are out of But June home sales this year were down 13.6 percentg from 4,845 for the same month of 2008. In 3,328 single-family homes were sold, up from 2,857 saleds in May, but down from 3,847 for the year-prior Last month, condo sales rose to 858 from 771 in but were down from 998 year over Average sold price for both types of homerose 6.34 percenrt to $258,434 in June from $243,0223 in May. That price was down 3.
21 percenf from June 2008's average selling price of Average sold pricefor single-familty homes -- $283,312, which is up from $262,0665 in May, but down from $286,8867 from the year-prior June. Median sold price for single-family homeas -- $237,500, up from both the previous monthj ($220,000) and from June 2008 ($230,000). The median sold prics for a home is the middle pricwe between highestand lowest. It's considered a truer measure of price than averag by many real estate professionalsabecause it's not skewed by highesy and lowest prices.
Average sold price for condos -- down from $172,454 in May and $190,367 year over Median sold price forcondos -- up from $137,000 in May, but a drop from $148,344 for the year-prior June. Condos also are sellingh faster lately, with an average of 97 days on the markeytin June, down from 110 days in May and from 108 days year over For this year's first six months, total home sales and sold pricea were down from the same period of 2008, accordint to Metrolist. Combined sales of single-family homes and condos decreasede 17.5 percent to 19,363 from 23,471 for the firsf six months oflast year. Average sellintg price was down nearly 8 percentto $235,93o0 from $256,408.
Average days on the market for both housing types dipped to 104through June, from 106 for the same periof of 2008. Other year-to-date data through compared to the same perioeof 2008, include: Single-familyy homes sold -- down from 18,561. Average single-familyh home sold price -- $256,353, down from Median single-family home sold price -- $211,000, down from $224,900. Condods sold -- 3,931, down from 4,910. Average sold price for condos -- down from $176,426.
Median sold price for condos -- $129,000, down from Based in Greenwood Village, Metrolist is metrk Denver's Multiple Listing Service, which is an association of real estates brokers that share property listings witheach