Denver Sales Statistics January 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:	Jan 2007 $297,368
(Detached Dwelling)	Dec 2006  $321,524
	Jan 2006  $306,982
Condo Average Price	Jan 2007 $170,440
(Attached Dwelling)	Dec 2006 $180,084
	Jan 2006 $192,271
Combined Average Price	Jan 2007 $266,066
	Dec 2006 $291,495
	Jan 2006 $280,554

Percent of Sales Price Change: (from January 2006 to January 2007) Single Family -3.13% Condo -11.35% Average -5.16% Total Combined Number of Homes for Sale Jan 2007 24,350   Dec 2006 24,534   Jan 2006 24,387     Percent of Change in Available Inventory: (Jan 2006 vs. Jan 2007)  -0.15%   Number of Combined Homes Sold this Month Jan 2007 3,540 vs. the previous month Dec 2006 3,104 vs. the same month last year: Jan 2006 2,843     Average days on Market - (combined sales) Jan 2007 120.45   Dec 2006 113.34   Jan 2006 109.14  Absorption Rate: (number of weeks necessary to sell current Jan 2007 29.81 weeks combined inventory at current rate of sales) Dec 2006 34.25 weeks Jan 2006 37.17 weeks Median Sold Price: Single Family Jan 2007 $236,000 Dec 2006 $247,500 Jan 2006 $245,000 Condo   Jan 2007 $154,900 Dec 2006 $150,000 Jan 2006 $155,000

 

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