While residential real estate continues to founder throughout most of the country, the market in Denver, Colorado is coasting along quite well with two consecutive months of more than $1 billion in sales volume[1]. Although sales volume in July were down 6 percent over June, July’s numbers were still a healthy $1.04 billion with average price of a residential home or condo logging in at $270,066. However, broker and analyst Gary Bauer does not believe the numbers are a positive indication about the rest of the year: “I have a feeling that [it] is going to be very slow,” he said. For now, though, the market is still moving. Even though sales volumes are down slightly, home prices rise 2.2 percent in July[2].

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[1] http://www.bizjournals.com/denver/news/2011/08/08/denver-residential-real-estate-sales.html

[2] http://www.denverpost.com/business/ci_18641971