Denver Sales Statistics August 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:	Aug 2006 $320,092
(Detached Dwelling)	July 2006  $328,721
	Aug 2005  $313,308
Condo Average Price	Aug 2006 $196,659
(Attached Dwelling)	July 2006 $194,705
	Aug 2005 $198,614
Combined Average Price	Aug 2006 $292,973
	July 2006 $299,680
	Aug 2005 $288,121

Percent of Sales Price Change: (from August 2005 to August 2006 ) Single Family +2.17% Condo -0.98% Average +1.68% Total Combined Number of Homes for Sale Aug 2006 31,664   July 2006 31,989   Aug 2005 26,650     Percent of Change in Available Inventory:  +18.81% (August 2005 vs. August 2006)    Number of Combined Homes Sold this Month Aug 2006 5,025 vs. the previous month July 2006 4,850 vs. the same month last year: Aug 2005 5,091     Average days on Market - Aug 2006 98.37 (combined sales) July 2006 94.98   Aug 2005 84.00     Absorption Rate: Aug 2006 27.31 weeks (number of weeks necessary to sell current July 2006 28.58 weeks combined inventory at current rate of sales) Aug 2005 22.68 weeks Median Sold Price: Aug 2006 $252,900 Single Family July 2006 $259,500 Aug 2005 $255,000 Condo   Aug 2006 $160,000 July 2006 $163,000 Aug 2005 $162,499

 

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