Denver Home Sale Statistics January 2007

Posted by Kristal Kraft, Denver Realtor on February 9th, 2007

January 2007

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp Jan 2007 $297,368
&nbsp &nbsp Dec 2006 $321,524
&nbsp &nbsp Jan 2006 $306,982
Condo Average Price: (Attached Dwelling) &nbsp Jan 2007 $170,440
&nbsp &nbsp Dec 2006 $180,084
&nbsp &nbsp Jan 2006 $192,271
Combined Average Price: &nbsp Jan 2007 $266,066
&nbsp &nbsp Dec 2006 $291,495
&nbsp &nbsp Jan 2006 $280,554
Percent of Sales Price Change:
from January 2006 to Janaury 2007		 &nbsp Single Family: -3.13%
&nbsp &nbsp Condo: -11.35%
&nbsp &nbsp Combined -5.16%
Total Combined Number of Homes for Sale: &nbsp Jan 2007 24,350
&nbsp &nbsp Dec 2006 24,534
&nbsp &nbsp Jan 2006 24,387
Percent of Change in Available Inventory: (Jan 2006 vs. Jan 2007) &nbsp &nbsp -0.15%
Number of Combined Homes Sold this month &nbsp Jan 2007 3,540
vs. previous month &nbsp Dec 2006 3,104
vs. same month last year &nbsp Jan 2006 2,843
Average days on Market: (Combined Sales) Jan 2007 120.45
&nbsp &nbsp Dec 2006 113.34
&nbsp &nbsp Jan 2006 109.14
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

 &nbsp Jan 2007 29.81 weeks
&nbsp &nbsp Dec 2006 34.25 weeks
&nbsp &nbsp Jan 2006 37.17 weeks
Median Sold Price:Single Family Jan 2007 $236,000
&nbsp &nbsp Dec 2006 $247,500
&nbsp &nbsp Jan 2006 $245,000
Condo &nbsp Jan 2007 $154,900
&nbsp &nbsp Dec 2006 $150,000
&nbsp &nbsp Jan 2006 $155,000

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