Last month despite the negative press (nearly everyday) we sold 5025 properties. That is only 66 units less than August of 2005. Our average price increase by $7k to $320,000. At the same time our Median price decreased by $2k to $253,000. What that means is we sold more lower end homes, which in turn pulled the median down, a tad.
We have 18% more homes on the market than at the same time last year. Considering the numbers from other parts of the country, WE ARE HOLDING OUR OWN!
All the REALTORS may not survive. With 10,050 sides closing last month and 17,000 REALTORS licensed in the Denver Metro area, many did not have a payday last month.