Average Home Price Report - Metro Denver
Updated - August 15, 2011
Monthly Housing Report & Average Home Price
The average home price rose 2.2% for single family homes in the month of July, but dropped 3.4% for condos, which is the second consecutive decline in as many months. Total sales fell during July by approx 6.0%, which is largely attributable to the condo market. The slight bump in last months' market activity is not unusual for mid-summer, with many would-be house shoppers taking a break and getting those annual vacations out of the way before school starts.
The good news with all this is that Denver area sellers should be pleased with the continuing rise in home prices and the average home price, since the beginning of 2011. The number of active listings available for sale, and the time it takes to sell a house, are also declining.
Till next month,