Denver Home Sale Statistics ~ August 2006

August 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Aug 2006	$320,092
&nbsp	&nbsp	July 2006	$328,721
&nbsp	&nbsp	Aug 2005	$313,308
Condo Average Price: (Attached Dwelling)	&nbsp	Aug 2006	$196,659
&nbsp	&nbsp	July 2006	$194,705
&nbsp	&nbsp	Aug 2005	$198,614
Combined Average Price:	&nbsp	Aug 2006	$292,973
&nbsp	&nbsp	July 2006	$299,680
&nbsp	&nbsp	Aug 2005	$288,121
Percent of Sales Price Change: from August 2005 to August 2006	&nbsp	Single Family:	+2.17%
&nbsp	&nbsp	Condo:	-0.98%
&nbsp	&nbsp	Combined	+1.68%
Total Combined Number of Homes for Sale:	&nbsp	Aug 2006	31,664
&nbsp	&nbsp	July 2006	31,989
&nbsp	&nbsp	Aug 2005	26,650
Percent of Change in Available Inventory: (August 2005 vs. August 2006)	&nbsp	&nbsp	+18.81%
Number of Combined Homes Sold this month	&nbsp	Aug 2006	5,025
vs. previous month	&nbsp	July 2006	4,850
vs. same month last year	&nbsp	Aug 2005	5,091
Average days on Market: (Combined Sales)		Aug 2006	98.37
&nbsp	&nbsp	July 2006	94.98
&nbsp	&nbsp	Aug 2005	84.00
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Aug 2006	27.31 weeks
&nbsp	&nbsp	July 2006	28.58 weeks
&nbsp	&nbsp	Aug 2005	22.68 weeks
Median Sold Price:Single Family		Aug 2006	$252,900
&nbsp	&nbsp	July 2006	$259,500
&nbsp	&nbsp	Aug 2005	$255,000
Condo	&nbsp	Aug 2006	$160,000
&nbsp	&nbsp	July 2006	$163,000
&nbsp	&nbsp	Aug 2005	$162,499

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