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Single-family home sales in June, for example, were equally splirt between the lower price ranges that appeakto first-time homebuyers and pricief houses that attract homebuyers moving up to larger and/or more expensive "Earlier this year, the majorityh of resale home activity was first-time homebuyers, distressesd properties and investor activity," independent Littletoh broker Gary Bauer said in a statement. "June appear s to be the transition to a normal Denvermarket -- a markey with both first-time homebuyer activitgy as well as 'move-up' activity.
" Resal homes are those that have sold at least once Combined sales of single-family houses and condominiumd increased 15.4 percent to 4,1876 in June from 3,628 in May. Late springt and summer traditionally arethis country's prims home-selling season, because families buying and selling homes try to complet e deals and move when children are out of But June home sales this year were down 13.6 percenrt from 4,845 for the same mont of 2008. In 3,328 single-family homes were sold, up from 2,85y sales in May, but down from 3,847u for the year-prior Last month, condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both types of home rose 6.
34 percenr to $258,434 in June from $243,02 2 in May. That price was down 3.21 percent from June 2008'as average selling price of $267,005. Average sold prices for single-family homes -- which is up from $262,066 in May, but down from $286,887u from the year-prior June. Median sold price for single-familyg homes -- $237,500, up from both the previouss month ($220,000) and from June 2008 The median sold price for a home is the middle priced between highestand lowest. It's considered a truer measure of price than average by many real estate professionalsbecause it's not skewed by highest and lowesg prices.
Average sold price for condos -- down from $172,454 in May and $190,367 year over Median sold price forcondos -- $139,837, up from $137,000 in May, but a drop from $148,34t5 for the year-prior June. Condoa also are selling faster with an average of 97 days on the markefin June, down from 110 days in May and from 108 days year over For this year's first six months, totalo home sales and sold prices were down from the same periodd of 2008, according to Metrolist. Combinexd sales of single-family homes and condos decreased 17.5 percent to 19,36w3 from 23,471 for the first six months of last Average selling price was down nearly 8 percengto $235,930 from $256,408.
Averag e days on the market for both housing types dippec to 104through June, from 106 for the same periof of 2008. Other year-to-date data througgh June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold priced -- $256,353, down from $277,566. Median single-familu home sold price -- down from $224,900. Condos sold -- 3,931, down from Average sold price forcondos -- down from $176,426. Median sold price for condozs -- $129,000, down from $139,000.
Basefd in Greenwood Village, Metrolisft is metro Denver's Multiplee Listing Service, which is an association of real estate brokersd that share property listingsx witheach other.
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