12
Dec
Changes in the Average Home Prices
by urbansynergyrealtyPublished in: Denver Housing Market
Looking at the latest statistics on average home prices, while the average price of a home in the metro area has dropped, there are some positive factors coming from the numbers.
Between December 2006 and December 2007, the average home price for Denver Real Estate dropped 3% from $312k to $303k. The first 11 months of 2008 is showing compared to the same periodlast year, Denver Real Estate has dropped and additional 13% down to $269k.
Looking at the chart you can see alot of variations from city to city, as we still have a few areas and cities that the average home price has increased. Now looking at the metro area as a whole and having areas still gaining in value is a positive thing in my book.