Home sales rise in July

Home sales rise in July - In July, home sales in the Denver area rose to 4,440, up from 4,186 the previous month, according to Metrolist data. The median home selling price slide to $229,900 from $237,500 in June, but rose slightly from $229,200 in July 2008. At the end of July, the inventory of unsold homes stood at 20,890 units. Most buyers paid from $200,000 to $300,000 for homes, while 52% of condo sales were under $150,000.http://www.denverpost.com/businessheadlines/ci_13018900