Denver Sales Statistics July 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:	July 2007 $316,024
(Detached Dwelling)	Jun 2007  $334,833
	July 2006  $328,721
Condo Average Price	July 2007 $192,885
(Attached Dwelling)	Jun 2007 $186,328
	July 2006 $194,705
Combined Average Price	July 2007 $289,294
	Jun 2007 $304,055
	July 2006 $299,680

Percent of Sales Price Change: (from July 2006 to July 2007) Single Family -3.86% Condo -0.93% Average -3.47% Total Combined Number of Homes for Sale July 2007 30,272   Jun 2007 30,256   July 2006 31,989     Percent of Change in Available Inventory: -5.37% (July 2006 vs. July 2007)    Number of Combined Homes Sold this Month July 2007 4,980 vs. the previous month Jun 2007 5,129 vs. the same month last year: Jul 2006 4,850     Average days on Market - July 2007 94.78 (combined sales) Jun 2007 96.90   Jul 2006 94.98     Absorption Rate: July 2007 26.34 weeks (number of weeks necessary to sell current Jun 2007 25.56 weeks combined inventory at current rate of sales) July 2006 28.58 weeks Median Sold Price: July 2007 $255,000 Single Family Jun 2007 $263,000 Jul 2006 $259,500 Condo   July 2007 $158,000 Jun 2007 $157,950 Jul 2006 $163,000

 

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