Denver-area home resales down 26% in November, but prices up

The average sales price for Denver-area home resales was up 8.3% from the same month of 2009, according to Metrolist Inc. data released Wednesday.  However, the number of resales dropped 26%.  “I’m happy because I expected the number of transactions to be much lower,” said Gary Bauer, an independent residential broker in Littleton. “The other positive thing is sold prices continue to be stable, which is a good indication we have a really good base in the market.”  Read article:
http://bizjournals.com/denver/news/2010/12/08/home-resales.html

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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