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Article: August home sales drop 11% from year ago.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- September 8, 2006
- Author:
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Byline: John Rebchook, Rocky Mountain News
August home sales activity in the Denver area dropped by almost 11 percent from a year ago but showed a 2.4 percent increase from July, according to studies released Thursday.
There were 5,673 previously owned homes placed under contract in August, down from the 6,351 a year earlier, when mortgage rates were lower. But the August number was up from 5,538 in July.
"It was a good August, but not a barnburner," said independent broker Gary Bauer. Bauerand Jerry McGuire of RE/MAX Professionals and Coldwell Banker Colorado released a report based on Metrolist figures .
"August was better than July, as people were getting ...