Denver Sales Statistics November 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: Nov 2006 $310,562
(Detached Dwelling) Oct 2006  $306,307
  Nov 2005  $309,030
   
Condo Average Price Nov 2006 $195,747
(Attached Dwelling)  Oct 2006 $189,202
  Nov 2005 $187,194
   
Combined Average Price Nov 2006 $285,441
  Oct 2006 $280,551
  Nov 2005 $281,716

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

Single Family +0.50%
Condo +4.57%
Average +1.32%
Total Combined Number of Homes for Sale Nov 2006 27,530
  Oct 2006 29,722
  Nov 2005 26,020
   
Percent of Change in Available Inventory:
 +5.80%
(Nov 2005 vs. Nov 2006)   
Number of Combined Homes Sold this Month Nov 2006 3,565
vs. the previous month Oct 2006 4,133
vs. the same month last year: Nov 2005 3,903
   
Average days on Market - Nov 2006 109.78
(combined sales) Oct 2006 102.60
  Nov 2005 91.28
   
Absorption Rate: Nov 2006 33.46 weeks
(number of weeks necessary to sell current Oct 2006 31.16 weeks
combined inventory at current rate of sales) Nov 2005 28.89 weeks
Median Sold Price: Nov 2006 $240,000
Single Family Oct 2006 $247,600
Nov 2005 $248,250
Condo   Nov 2006 $155,750
Oct 2006 $152,000
Nov 2005 $165,500

 

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