John Rebchook is a former Rocky Mountain News reporter with more than 30 years of experience in writing and communications... Home sales in the Denver-area in June fell to an 11-year low, a California-based real estate information service firm reported today.
But San Diego-based DataQuick, which uses public records, and not Metrolist data, found that while home sales were down 10.5 percent from June 2008, they jumped 31.5 percent from May.
A total of 4,562 new and resale homes and condos closed in the Denver-Aurora area in June, according to Dataquick. That marks the slowest month since at least January 1998, when DataQuick began tracking all home types in the Denver area.
Sales of both newly constructed homes, both single-family and condos, and existing single-family detached homes were at record lows for a June.
Gary Bauer, an independent broker, who on Friday will release his analysis of Metrolist numbers for July, said the DataQuick data is “pretty close” to what Metrolist shows.
“As we have been saying for the last month or two, we are starting to see the turnaround,” Bauer told InsideRealEstateNews.com. “The positives are that some of these government programs are working and helping people; the demand is coming back; and we are seeing fewer and fewer distressed properties in the mix.”
He hasn’t yet found the perfect phrase to a return to more typical times, but he did put it this way:
“The “normal” home buyer is starting to come back to the market.”
