Denver Sales Statistics April 2006

The Berkshire Group Realtors track Denver real estate trends by keeping records of the various real estate transactions. Here you can see what Denver’s average home price is or the average Denver Condo price. Other important information for home sellers is the "days on market". This figure is based on the Denver absorption rate, assuming no more homes come on the market, it will take this long to absorb the current inventory of homes for sale.

Metro Denver Prices:

Single Family Average Price: Apr 2006 $318,949
(Detached Dwelling) Mar 2006  $313,339
  Apr 2005  $307,308
   
Condo Average Price Apr 2006 $188,146
(Attached Dwelling)  Mar 2006 $182,727
  Apr 2005 $181,873
   
Combined Average Price Apr 2006 $288,621
  Mar 2006 $284,489
  Apr 2005 $279,450

Percent of Sales Price Change: (from Apr 2005 to Apr 2006)

Single Family +3.79%
Condo +3.45%
Average +3.28%
Total Combined Number of Homes for Sale Apr 2006 29,045
  Mar 2006 27,309
  Apr 2005 24,164
   
Percent of Change in Available Inventory:
 +20.20%
(Apr 2005 vs. Apr 2006)   
Number of Combined Homes Sold this Month Apr 2006 4,300
vs. the previous month Mar 2006 4,405
vs. the same month last year: Apr 2005 5,151
   
Average days on Market - Apr 2006 102.78
(combined sales) Mar 2006 104.96
  Apr 2005 92.66
   
Absorption Rate: Apr 2006 29.27 weeks
(number of weeks necessary to sell current Mar 2006 26.86 weeks
combined inventory at current rate of sales) Apr 2005 20.33 weeks
Median Sold Price:
Single Family Apr 2006 $250,000
Mar 2006 $247,500
Apr 2005 $245,000
Condo   Apr 2006 $157,400
Mar 2006 $159,900
Apr 2005 $153,850

 

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