Market Conditions - June 19, 2006 by Carla L. Davis
Colorado sales slow, despite new suburban construction and attempts at urban renewal. Denver is seeing slightly more homes on the market -- good news for buyers. Sales are slowed, but median home prices continue to rise at a moderate pace. Many experts still feel that the city is recovering after the dot com bust in the early 2000's. At that time, the market became uncertain for many buyers and sellers alike. This year is predicted to see a healthy 5 to 7 percent appreciation rate. The median home price rose to $250,943 in May. Suburbs of Colorado Springs are seeing slightly less growth, however. The average listing price in Powers, an area that boasts the "best value for money in homes," is currently $218,000 -- the same as it was last month. Closing prices are a different story, as that average dropped from $211,000 to $190,000. With the market slowed, sellers should expect the average days on the market around 60. | 
