Denver Sales Statistics March 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:	Mar 2007 $302,084
(Detached Dwelling)	Feb 2007  $292,143
	Mar 2006  $313,339
Condo Average Price	Mar 2007 $183,451
(Attached Dwelling)	Feb 2007 $169,498
	Mar 2006 $182,727
Combined Average Price	Mar 2007 $275,465
	Feb 2007 $265,272
	Mar 2006 $284,489

Percent of Sales Price Change: (from March 2006 to March 2007) Single Family -3.59% Condo +0.40% Average -3.17% Total Combined Number of Homes for Sale Mar 2007 26,430   Feb 2007 24,838   Mar 2006 27,309     Percent of Change in Available Inventory:  -3.22% (Mar 2006 vs. Mar 2007)     Number of Combined Homes Sold this Month Mar 2007 4,274 vs. the previous month Feb 2007 3,090 vs. the same month last year: Mar 2006 4,405     Average days on Market - Mar 2007 119.24 (combined sales) Feb 2007 125.22   Mar 2006 104.96     Absorption Rate: Mar 2007 26.80 weeks (number of weeks necessary to sell current Feb 2007 34.83 weeks combined inventory at current rate of sales) Mar 2006 26.86 weeks Median Sold Price: Single Family Mar 2007 $240,000 Feb 2007 $235,000 Mar 2006 $247,500 Condo   Mar 2007 $153,000 Feb 2007 $144,950 Mar 2006 $159,900

 

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