Denver Home Sale Statistics

July 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	July 2006	$328,721
&nbsp	&nbsp	June 2006	$335,111
&nbsp	&nbsp	July 2005	$318,527
Condo Average Price: (Attached Dwelling)	&nbsp	July 2006	$194,705
&nbsp	&nbsp	June 2006	$184,566
&nbsp	&nbsp	July 2005	$184,288
Combined Average Price:	&nbsp	July 2006	$299,680
&nbsp	&nbsp	June 2006	$303,573
&nbsp	&nbsp	July 2005	$291,498
Percent of Sales Price Change: from July 2005 to July 2006	&nbsp	Single Family:	+3.20%
&nbsp	&nbsp	Condo:	+5.65%
&nbsp	&nbsp	Combined	+2.81%
Total Combined Number of Homes for Sale:	&nbsp	July 2006	31,989
&nbsp	&nbsp	June 2006	31,900
&nbsp	&nbsp	July 2005	26,411
Percent of Change in Available Inventory: (July 2005 vs. July 2006)	&nbsp	&nbsp	+21.12%
Number of Combined Homes Sold this month	&nbsp	July 2006	4,850
vs. previous month	&nbsp	June 2006	5,628
vs. same month last year	&nbsp	July 2005	6,203
Average days on Market: (Combined Sales)		July 2006	94.98
&nbsp	&nbsp	June 2006	95.66
&nbsp	&nbsp	July 2005	81.84
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	July 2006	28.58 weeks
&nbsp	&nbsp	June 2006	24.56 weeks
&nbsp	&nbsp	July 2005	18.45 weeks
Median Sold Price:Single Family		July 2006	$259,500
&nbsp	&nbsp	June 2006	$261,750
&nbsp	&nbsp	July 2005	$252,250
Condo	&nbsp	July 2006	$163,000
&nbsp	&nbsp	June 2006	$159,900
&nbsp	&nbsp	July 2005	$164,000

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