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- The Bottom Has Yet To Come
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The Rocky Mountain News reports from Colorado. “The median price of a single- family home closed in April slid by 10.2 percent from a year earlier in the Denver area, according to reports released Wednesday. The average price of a single- family home dropped to $267,259, a 17.13 percent plunge from $322,510 in April 2007. There were 26,171 unsold homes on the market, 2.5 percent more than the 25,516 homes for sale in April 2007. That equates to slightly more than a seven-month supply of unsold homes, according to broker Jack O’Connor.”
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Original Source: thehousingbubbleblog.com
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8 May, 2008| housingblogs |
@ 19:23