An article from the Denver Business Journal, reports that existing single-family home sales in the Denver area fell by 3% during the past year, while the median sales price decreased by 10.28%. According to figures for April by MetroList, the area's home sales declined from to 4,265 from 4,399 April 2007. The sales price fell to $222,550 from $248,000 during the same period. Gary Bauer, an independent Denver-area real estate broker and MetroList analyst said, "Clearly, Denver continues to exceed Western and national figures. ... That's basically because we have grown from a one-economy town to a multiple-economy town." The National Association of Realtors found some good news on the housing front. The organization's president, Richard Gaylord said in a statement, "In the past week, Freddie Mac and Fannie Mae announced they were eliminating their 'declining market' policies, effective June 1."
http://www.bizjournals.com/denver/stories/2008/05/19/daily47.html?surround=lfn
http://www.bizjournals.com/denver/stories/2008/05/19/daily47.html?surround=lfn
