Denver Sales Statistics June 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: June 2007 $334,833
(Detached Dwelling) May 2007  $318,904
  June 2006  $335,111
   
Condo Average Price June 2007 $186,328
(Attached Dwelling)  May 2007 $183,896
  June 2006 $184,566
   
Combined Average Price June 2007 $304,055
  May 2007 $288,905
  June 2006 $303,573

Percent of Sales Price Change: (from June 2006 to June 2007)

Single Family -0.08%
Condo 0.95%
Average 0.16%
Total Combined Number of Homes for Sale June 2007 30,256
  May 2007 29,110
  June 2006 31,900
   
Percent of Change in Available Inventory:
 -5.15%
(June 2006 vs. June 2007)   
Number of Combined Homes Sold this Month June 2007 5,129
vs. the previous month May 2007 5,081
vs. the same month last year: June 2006 5,628
   
Average days on Market - June 2007 96.90
(combined sales) May 2007 102.44
  June 2006 95.66
   
Absorption Rate: June 2007 25.56 weeks
(number of weeks necessary to sell current May 2007 24.83 weeks
combined inventory at current rate of sales) June 2006 24.56 weeks
Median Sold Price:
Single Family June 2007 $263,000
May 2007 $251,155
June 2006 $261,750
Condo   June 2007 $157,950
May 2007 $155,000
June 2006 $159,900

 

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