October 2006
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Oct 2006 | $306,307 | |
| Sep 2006 | $308,903 | ||
| Oct 2005 | $314,586 | ||
| Condo Average Price: (Attached Dwelling) | Oct 2006 | $189,202 | |
| Sep 2006 | $191,006 | ||
| Oct 2005 | $186,981 | ||
| Combined Average Price: | Oct 2006 | $280,551 | |
| Sep 2006 | $283,131 | ||
| Oct 2005 | $285,313 | ||
| Percent of Sales Price Change: from October 2005 to October 2006 | Single Family: | -2.63% | |
| Condo: | +1.19% | ||
| Combined | -1.67% | ||
| Total Combined Number of Homes for Sale: | Oct 2006 | 29,722 | |
| Sep 2006 | 31,450 | ||
| Oct 2005 | 26,828 | ||
| Percent of Change in Available Inventory: (Oct 2005 vs. Oct 2006) | +10.79% | ||
| Number of Combined Homes Sold this month | Oct 2006 | 4,133 | |
| vs. previous month | Sep 2006 | 4,108 | |
| vs. same month last year | Oct 2005 | 4,006 | |
| Average days on Market: (Combined Sales) | Oct 2006 | 102.60 | |
| Sep 2006 | 101.78 | ||
| Oct 2005 | 89.65 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Oct 2006 | 31.16 weeks | |
| Sep 2006 | 33.18 weeks | ||
| Oct 2005 | 29.02 weeks | ||
| Median Sold Price:Single Family | Oct 2006 | $247,600 | |
| Sep 2006 | $243,500 | ||
| Oct 2005 | $250,000 | ||
| Condo | Oct 2006 | $152,000 | |
| Sep 2006 | $156,250 | ||
| Oct 2005 | $157,904 |
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
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Kristal Kraft
One Comment
I am a Broker, and Market Analyst for Real Estate in Northwest Arkansas. My website, http://www.mountdata.com , includes sources of links that pertain to real estate, indicators, and general statistics across America.
I have included your site because of its statistical information on your area. If you can reciprocate with a link to me on your site, that would be wonderful.
People interested in Statistics and Real Estate are rare. So the purpose of this email is to also say “hello” and to express that I am glad there are others as fanatical about the subject as I am. If you wish, I would love to hear from you. Very informal. I would like to share my researches and market insights with others of a like persuasion.
If not, no problem. Hope you continue to grow in your career.
Yours in Success
Paul Bynum