Denver Sales Statistics January 2006

The Berkshire Group Realtors watch the Denver market by keeping track of the inventory for sale, sold prices, percent of sales price change, change in available inventory, average days on the market and the absorption rate.  

Metro Denver Prices: 

Single Family Average Price:	Jan 2006 $306,982
(Detached Dwelling)	Dec 2005  $303,834
	Jan 2005  $291,001
Condo Average Price	Jan 2006 $192,271
	Dec 2005 $190,023
	Jan 2005 $184,215
Combined Average Price	Jan 2006 $280,554
	Dec 2005 $278,544
	Jan 2005 $266,794

Percent of Sales Price Change: (from Jan 2005 to Jan 2006 ) Single Family +5.49% Condo +4.37% Average +5.16% Total Combined Number of Homes for Sale   Jan 2006 24,387   Dec 2005 23,572   Jan 2005 20,917  Percent of Change in Available Inventory: (Jan 2005 vs. Jan 2006)  +16.59%  Number of Combined Homes Sold this Month Jan 2006 2,843 vs. the previous month Dec 2005 4,086 vs. the same month last year: Jan 2005 2,713     Average days on Market - (combined sales) Jan 2006 109.14   Dec 2005 97.67   Jan 2005 98.53  Absorption Rate: (number of weeks necessary to sell current Jan 2006 37.17 weeks combined inventory at current rate of sales) Dec 2005 25.00 weeks Jan 2005 33.41 weeks Median Sold Price: Single Family Jan 2006 $245,000 Dec 2005 $245,000 Jan 2005 $230,000 Condo   Jan 2006 $155,000 Dec 2005 $160,000 Jan 2005 $157,000

 

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