April 2007 ~ Denver home sales

April 2007

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Apr 2007	$322,510
&nbsp	&nbsp	Mar 2007	$302,084
&nbsp	&nbsp	Apr 2006	$318,949
Condo Average Price: (Attached Dwelling)	&nbsp	Apr 2007	$182,451
&nbsp	&nbsp	Mar 2007	$183,451
&nbsp	&nbsp	Apr 2006	$188,146
Combined Average Price:	&nbsp	Apr 2007	$293,016
&nbsp	&nbsp	Mar 2007	$275,465
&nbsp	&nbsp	Apr 2006	$288,621
Percent of Sales Price Change: from April 2006 to April 2007	&nbsp	Single Family:	1.12%
&nbsp	&nbsp	Condo:	-2.97%
&nbsp	&nbsp	Combined	1.52%
Total Combined Number of Homes for Sale:	&nbsp	Apr 2007	27,858
&nbsp	&nbsp	Mar 2007	26,430
&nbsp	&nbsp	Apr 2006	29,045
Percent of Change in Available Inventory: (Apr 2006 vs. Apr 2007)	&nbsp	&nbsp	-4.09%
Number of Combined Homes Sold this month	&nbsp	Apr 2007	4,399
vs. previous month	&nbsp	Mar 2007	4,274
vs. same month last year	&nbsp	Apr 2006	4,300
Average days on Market: (Combined Sales)		Apr 2007	109.90
&nbsp	&nbsp	Mar 2007	119.24
&nbsp	&nbsp	Apr 2006	102.78
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Apr 2007	27.44 weeks
&nbsp	&nbsp	Mar 2007	26.80 weeks
&nbsp	&nbsp	Apr 2006	29.27 weeks
Median Sold Price:Single Family		Apr 2007	$248,000
&nbsp	&nbsp	Mar 2007	$240,000
&nbsp	&nbsp	Apr 2006	$250,000
Condo	&nbsp	Apr 2007	$148,900
&nbsp	&nbsp	Mar 2007	$153,000
&nbsp	&nbsp	Apr 2006	$157,400

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog