Denver real estate sales statistics ~ August 2007
Posted by
kristal on
September 5th, 2007
The Berkshire Group keeps statistics on a monthly basis regarding home sales in the Denver Metropolitan area. Looking at the past helps us forecast the future. Here you can learn about Denver’s average home sale price, average days on market, the current Denver absorption rate and the list to sale ratio. If you would like information about years past, please visit the Denver Real Estate website.
August 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Aug 2007 | $329,783 | |
| Jul 2007 | $316,024 | ||
| Aug 2006 | $320,092 | ||
| Condo Average Price: (Attached Dwelling) | Aug 2007 | $182,741 | |
| Jul 2007 | $192,885 | ||
| Aug 2006 | $196,659 | ||
| Combined Average Price: | Aug 2007 | $298,466 | |
| Jul 2007 | $289,294 | ||
| Aug 2006 | $292,973 | ||
| Percent of Sales Price Change: from August 2006 to August 2007 |
Single Family: | 3.03% | |
| Condo: | -7.08% | ||
| Combined | 1.87% | ||
| Total Combined Number of Homes for Sale: | Aug 2007 | 30,827 | |
| Jul 2007 | 30,272 | ||
| Aug 2006 | 31,664 | ||
| Percent of Change in Available Inventory: (August 2006 vs. August 2007) | -2.64% | ||
| Number of Combined Homes Sold this month | Aug 2007 | 5,010 | |
| vs. previous month | Jul 2007 | 4,980 | |
| vs. same month last year | Aug 2006 | 5,025 | |
| Average days on Market: (Combined Sales) | Aug 2007 | 94.13 | |
| Jul 2007 | 94.78 | ||
| Aug 2006 | 98.37 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Aug 2007 | 26.66 weeks | |
| Jul 2007 | 26.34 weeks | ||
| Aug 2006 | 27.31 weeks | ||
| Median Sold Price:Single Family | Aug 2007 | $257,500 | |
| Jul 2007 | $255,000 | ||
| Aug 2006 | $252,900 | ||
| Condo | Aug 2007 | $152,500 | |
| Jul 2007 | $158,000 | ||
| Aug 2006 | $160,000 |
This site brought to you by Kristal Kraft, a licensed Colorado Real Estate Broker