Friday, July 10, 2009

Metro Denver home prices up

Denver continues to buck national Real Estate trends. The number of homes sold last month increased to 4,186, up 15.4 percent compared with May, according to Metrolist data. The median price for a single-family home rose 8 percent to $237,500. That's also 3.3 percent higher than last June's median price of $230,000.

I work the central Denver neighborhoods in the City & County of Denver near downtown. I can tell you that over the past several months, good properties in good locations that are priced well sell VERY QUICKLY... like the first couple of days on the market. I'm still not seeing a lot of people take advantage of the $8,000 1st Time Home Buyers Tax Credit, but homes are moving. Interest rates are still at all time historic lows.

http://www.denverpost.com/ci_12772370

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