Denver's resale housing market showing hopeful signs
Metro Denver's resale housing market appeared to start returning to normalcy in June, according to sales data Tuesday from Metrolist Inc.
Single-family home sales in June, for example, were equally split between the lower price ranges that appeal to first-time homebuyers and pricier houses that attract homebuyers moving up to larger and/or more expensive homes.
"Earlier this year, the majority of resale home activity was first-time homebuyers, distressed properties and investor activity," independent Littleton broker Gary Bauer said in a statement. "June appears to be the transition to a normal Denver market -- a market with both first-time homebuyer activity as well as 'move-up' activity."
Read the rest of the story here.
Single-family home sales in June, for example, were equally split between the lower price ranges that appeal to first-time homebuyers and pricier houses that attract homebuyers moving up to larger and/or more expensive homes.
"Earlier this year, the majority of resale home activity was first-time homebuyers, distressed properties and investor activity," independent Littleton broker Gary Bauer said in a statement. "June appears to be the transition to a normal Denver market -- a market with both first-time homebuyer activity as well as 'move-up' activity."
Read the rest of the story here.
posted by Mike at
9:43 PM
