Denver Sales Statistics July 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: July 2006 $328,721
(Detached Dwelling) June 2006  $335,111
  July 2005  $318,527
   
Condo Average Price July 2006 $194,705
(Attached Dwelling)  June 2006 $184,566
  July 2005 $184,288
   
Combined Average Price July 2006 $299,680
  June 2006 $303,573
  July 2005 $291,498

Percent of Sales Price Change: (from July 2005 to July 2006)

Single Family +3.20%
Condo +5.65%
Average +2.81%
Total Combined Number of Homes for Sale July 2006 31,989
  June 2006 31,900
  July 2005 26,411
   
Percent of Change in Available Inventory:
 +21.12%
(July 2005 vs. July 2006)   
Number of Combined Homes Sold this Month July 2006 4,850
vs. the previous month June 2006 5,628
vs. the same month last year: July 2005 6,203
   
Average days on Market - July 2006 94.98
(combined sales) June 2006 95.66
  July 2005 81.84
   
Absorption Rate: July 2006 28.58 weeks
(number of weeks necessary to sell current June 2006 24.56 weeks
combined inventory at current rate of sales) July 2005 18.45 weeks
Median Sold Price: July 2006 $259,500
Single Family June 2006 $261,750
July 2005 $252,250
Condo   July 2006 $163,000
June 2006 $159,900
July 2005 $164,000

 

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