Denver Sales Statistics June 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: June 2006 $335,111
(Detached Dwelling) May 2006  $315,257
  June 2005  $310,798
   
Condo Average Price June 2006 $184,566
(Attached Dwelling)  May 2006 $189,986
  June 2005 $193,588
   
Combined Average Price June 2006 $303,573
  May 2006 $287,327
  June 2005 $284,874

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

Single Family +7.82%
Condo -4.66%
Average +6.56%
Total Combined Number of Homes for Sale June 2006 31,900
  May 2006 30,457
  June 2005 25,817
   
Percent of Change in Available Inventory:
 +23.56%
(June 2005 vs. June 2006)   
Number of Combined Homes Sold this Month June 2006 5,628
vs. the previous month May 2006 5,010
vs. the same month last year: June 2005 5,091
   
Average days on Market - June 2006 95.66
(combined sales) May 2006 96.58
  June 2005 83.19
   
Absorption Rate: June 2006 24.56 weeks
(number of weeks necessary to sell current May 2006 26.34 weeks
combined inventory at current rate of sales) June 2005 21.97 weeks
Median Sold Price: June 2006 $261,750
Single Family May 2006 $250,943
June 2005 $251,500
Condo   June 2006 $159,900
May 2006 $160,000
June 2005 $163,307

 

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