Denver Sales Statistics August 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: Aug 2007 $329,783
(Detached Dwelling) Jul 2007  $316,024
  Aug 2006  $320,092
   
Condo Average Price Aug 2007 $182,741
(Attached Dwelling)  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%
Average 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:
 -2.64%
(August 2006 vs. August 2007)   
Number of Combined Homes Sold this Month Aug 2007 5,010
vs. the previous month Jul 2007 4,980
vs. the same month last year: Aug 2006 5,025
   
Average days on Market - Aug 2007 94.13
(combined sales) Jul 2007 94.78
  Aug 2006 98.37
   
Absorption Rate: Aug 2007 26.66 weeks
(number of weeks necessary to sell current Jul 2007 26.34 weeks
combined inventory at current rate of sales) Aug 2006 27.31 weeks
Median Sold Price: Aug 2007 $257,500
Single Family Jul 2007 $255,000
Aug 2006 $252,900
Condo   Aug 2007 $152,500
Jul 2007 $158,000
Aug 2006 $160,000

 

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