Metro Denver home sales down, prices up. Sales of existing homes in metro Denver dropped 8.4 percent in January compared to the same month a year ago.
Last month, 2,156 homes sold, compared to 2,353 in January 2009, according to an analysis of Metrolist data.
"January was not as robust as we would have liked to have seen, but quite frankly with everything that's going on out there, it's just now that we're seeing consumer confidence increase, increase in use of credit cards and we're seeing positive news on the employment front," said independent real estate consultant Gary Bauer.
Meanwhile, the median price for a single-family home were up 7.1 percent in January to $225,000, compared with $210,000 a year ago.
The median price for a condo, however, declined 4.2 percent to $124,995, compared with $130,500 a year ago.
"With the exception of condos, the pricing is pretty stable," Bauer said. "A lot of lower-priced condos closed in the month of January than in the previous month."
Source : http://www.denverpost.com
