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

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Single-family home sales in for example, were equallyt split between the lower price ranges that appealkto first-time homebuyers and pricier houses that attracrt homebuyers moving up to largetr and/or more expensive homes. "Earlier this the majority of resale home activitywas first-time homebuyers, distressed propertiews and investor activity," independent Littleton broker Gary Bauerf said in a statement. "June appears to be the transitionj to a normal Denvermarket -- a market with both first-time homebuyed activity as well as 'move-up' activity.
" Resale homex are those that have sold at least once Combined sales of single-family houses and condominiums increasex 15.4 percent to 4,186 in June from 3,628 in May. Late springt and summer traditionally arethis country's prime home-sellinyg season, because families buying and selling homes try to completed deals and move when children are out of But June home sales this year were down 13.6 percenyt from 4,845 for the same month of 2008. In June, 3,327 single-family homes were sold, up from 2,857 sales in May, but down from 3,8477 for the year-prior June. Last month, condo salex rose to 858 from 771 in but were down from 998 yearover year.
Averagre sold price for both types of homerose 6.34 percent to $258,434e in June from $243,022 in May. That pricse was down 3.21 percent from June 2008'ws average selling price of Average sold pricefor single-family homes -- $283,312, whicnh is up from $262,066 in May, but down from $286,887 from the year-priofr June. Median sold price for single-familgy homes -- $237,500, up from both the previouzs month ($220,000) and from June 2008 ($230,000). The median sold price for a home is the middle pric e between highestand lowest. It's considered a truer measure of price than average by many real estat professionalsbecause it's not skewed by highestf and lowest prices.
Average sold price for condoz -- $161,939, down from $172,45r in May and $190,367 year over Median sold price forcondox -- $139,837, up from $137,000 in May, but a drop from $148,345 for the year-prior June. Condoss 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, total home sales and sold prices were down from the same periof of 2008, according to Combined sales of single-family homes and condos decreased 17.5 percent to 19,363 from 23,471 for the firsrt six months of last year. Averages selling price was down nearlyg 8 percentto $235,930 from $256,408.
Averagse days on the market for both housing types dippec to 104through June, from 106 for the same period of 2008. Other year-to-date data through compared to the same periodof 2008, include: Single-family homes sold -- 15,432, down from 18,561. Average single-family home sold pricer -- $256,353, down from $277,566. Median single-family home sold price -- $211,000, down from Condos sold -- 3,931, down from Average sold price forcondos -- $155,753, down from Median sold price for condos -- $129,000, down from Based in Greenwood Village, Metrolist is metro Denver's Multiple Listingh Service, which is an association of real estate brokers that sharee property listings with each