Metro Denver home resales increased in October from September, but were down from October of last year, according to a Metrolist housing report released Friday. Total October resales increased 2.9% from the month before to 3,958. Single-family home sales rose 1.7% to 3,052 in October from the previous month. During the same period, condo sales increased 7.22% to 906 from September. The average selling price for single-family homes in October was $261,771, while the average for condos was $161,451. The median selling price for houses last month was $222,000, compared to $135,000 for condos. Average days on the market for both types of home was 93 — a 3.13% drop from September and a 2.11% decrease from October 2008.
http://denver.bizjournals.com/denver/stories/2009/11/02/daily97.html
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