The median price of metro Denver single-family homes swelled to $245,000 in April from $231,000 a year ago, two analysts’ reports showed Tuesday. But median condo prices fell by $4,000 to $153,850.
Metro homes placed under contract rose 5.1 percent over March, the reports also showed. But houses under contract were unchanged compared with the same period a year ago.
Home inventories rose to 24,164 from 23,023 in March. They were down from 26,584 recorded a year ago.
The numbers released Tuesday were based on data supplied by MetroList Inc. They were analyzed by Steve McGuire of Re/Max Professionals Inc. of Highlands Ranch and Gary Bauer, an independent real estate consultant.
Homes placed under contract in April numbered 6,240 versus 5,935 in March and 6,238 in April 2004, according to the two reports.
However, those figures are high compared with data made available in previous years, supporting claims that MetroList released flawed numbers for five years.
A change in how MetroList gathers its information caused confusion in the real- estate community and raised questions about the data’s reliability. Industry analysts have contended that the contract data won’t reliably be a market predictor until January 2006.
