Denver Sales Statistics December 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:	Dec 2006 $321,524
(Detached Dwelling)	Nov 2006  $310,562
	Dec 2005  $303,834
Condo Average Price	Dec 2006 $180,084
(Attached Dwelling)	Nov 2006 $195,747
	Dec 2005 $190,023
Combined Average Price	Dec 2006 $291,495
	Nov 2006 $285,441
	Dec 2005 $278,544

Percent of Sales Price Change: (from December 2005 to December 2006) Single Family +5.82% Condo -5.23% Average +4.65% Total Combined Number of Homes for Sale Dec 2006 24,534   Nov 2006 27,530   Dec 2005 23,572     Percent of Change in Available Inventory: +4.08% (Dec 2005 vs. Dec 2006)    Number of Combined Homes Sold this Month Dec 2006 3,104 vs. the previous month Nov 2006 3,565 vs. the same month last year: Dec 2005 4,086     Average days on Market - Dec 2006 113.34 (combined sales) Nov 2006 109.78   Dec 2005 97.67     Absorption Rate: Dec 2006 34.25 weeks (number of weeks necessary to sell current Nov 2006 33.46 weeks combined inventory at current rate of sales) Dec 2005 25.00 weeks Median Sold Price: Dec 2006 $247,500 Single Family Nov 2006 $240,000 Dec 2005 $245,000 Condo   Dec 2006 $150,000 Nov 2006 $155,750 Dec 2005 $160,000

 

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