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Single-family home sales in June, for example, were equallyh split between the lower pricr ranges that appealto first-time homebuyers and pricier housesa that attract homebuyers moving up to large r and/or more expensive homes. "Earlier this the majority of resale home activitywas first-time distressed properties and investor activity," independeng Littleton broker Gary Bauetr said in a statement. "June appears to be the transitio to a normal Denvermarket -- a market with both first-timde homebuyer activity as well as activity." Resale homes are those that have sold at leastg once before. Combined sales of single-family houses and condominiumeincreased 15.
4 percent to 4,186 in June from 3,628 in May. Late springt and summer traditionally arethis country's primed home-selling season, because familie s buying and selling homes try to complete deals and move when childrenb are out of school. But June home sales this year weredown 13.6 percent from 4,845 for the same monthj of 2008. In June, 3,328 single-family homes were up from 2,857 sales in May, but down from 3,847u for the year-prior June. Last 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 perceng to $258,434 in June from $243,022 in May. That price was down 3.
21 percent from June 2008'sa average selling price of $267,005. Averagr sold price for single-family homes -- which is up from $262,066 in May, but down from $286,887 from the year-prior June. Median sold price for single-family homes -- up from both the previouw month ($220,000) and from June 2008 The median sold prices for a home is the middle price between highest and lowest. It's considered a truer measurr of price than average by many real estate professionalxbecause it's not skewed by highesty and lowest prices.
Average sold price for condos -- $161,939, down from $172,45e in May and $190,367 year over Median sold price forcondos -- up from $137,000 in May, but a drop from $148,34r for the year-prior June. Condos also are selling fastert lately, with an average of 97 days on the markegtin June, down from 110 days in May and from 108 days year over For this year's first six total home sales and sold prices were down from the same perio d of 2008, according to Combined sales of single-family homes and condos decreased 17.5 percengt to 19,363 from 23,471 for the firstr six months of last Average selling price was down nearly 8 perceny to $235,930 from $256,408.
Average days on the market for both housinh types dipped to 104 through from 106 for the same periodof 2008. Other year-to-date data throughg June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold price -- $256,353, down from Median single-family home sold price -- down from $224,900. Condos sold -- down from 4,910. Average sold price for condods -- $155,753, down from $176,426. Median sold price for condosd -- $129,000, down from $139,000.
Basedd in Greenwood Village, Metrolist is metro Denver's Multiplse Listing Service, which is an association of real estate broker s that share property listings witheach
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