Denver Sales Statistics April 2007

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 2007 $322,510
(Detached Dwelling)	Mar 2007  $302,084
	Apr 2006  $318,949
Condo Average Price	Apr 2007 $182,451
(Attached Dwelling)	Mar 2007 $183,451
	Apr 2006 $188,146
Combined Average Price	Apr 2007 $293,016
	Mar 2007 $275,465
	Apr 2006 $288,621

Percent of Sales Price Change: (from April 2006 to April 2007) Single Family 1.12% Condo -2.97% Average 1.52% Total Combined Number of Homes for Sale Apr 2007 27,858   Mar 2007 26,430   Apr 2006 29,045     Percent of Change in Available Inventory: -4.09% (Apr 2006 vs. Apr 2007)    Number of Combined Homes Sold this Month Apr 2007 4,399 vs. the previous month Mar 2007 4,274 vs. the same month last year:  Apr 2006 4,300     Average days on Market - Apr 2007 109.90 (combined sales) Mar 2007 119.24   Apr 2006 102.78     Absorption Rate: Apr 2007 27.44 weeks (number of weeks necessary to sell current Mar 2007 26.80 weeks combined inventory at current rate of sales) Apr 2006 29.27 weeks Median Sold Price: Apr 2007 $248,000 Single Family Mar 2007 $240,000 Apr 2006 $250,000 Condo   Apr 2007 $148,900 Mar 2007 $153,000 Apr 2006 $157,400

 

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