Denver-area home prices showed signs of improvement in January, even as the number of houses sold declined from the same month a year ago.
The median price for a single-family home was up 7.1 percent in January to $225,000, compared with $210,000 a year ago, according to an analysis of Metrolist data.
However, the median price for a condo declined 4.2 percent to $124,995, compared with $130,500 a year ago.
“With the exception of condos, the pricing is pretty stable,” said independent real-estate consultant Gary Bauer. “A lot of lower-priced condos closed in the month of January than in the previous month.”
Obviously, the number of homes sold is down from last Jan, because last
Jan there was a rush to beat the tax credit deadline.
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http://www.denverpost.com/business/ci_17334196
