Denver Home Sale Statistics January 2007

January 2007

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Jan 2007	$297,368
&nbsp	&nbsp	Dec 2006	$321,524
&nbsp	&nbsp	Jan 2006	$306,982
Condo Average Price: (Attached Dwelling)	&nbsp	Jan 2007	$170,440
&nbsp	&nbsp	Dec 2006	$180,084
&nbsp	&nbsp	Jan 2006	$192,271
Combined Average Price:	&nbsp	Jan 2007	$266,066
&nbsp	&nbsp	Dec 2006	$291,495
&nbsp	&nbsp	Jan 2006	$280,554
Percent of Sales Price Change: from January 2006 to Janaury 2007	&nbsp	Single Family:	-3.13%
&nbsp	&nbsp	Condo:	-11.35%
&nbsp	&nbsp	Combined	-5.16%
Total Combined Number of Homes for Sale:	&nbsp	Jan 2007	24,350
&nbsp	&nbsp	Dec 2006	24,534
&nbsp	&nbsp	Jan 2006	24,387
Percent of Change in Available Inventory: (Jan 2006 vs. Jan 2007)	&nbsp	&nbsp	-0.15%
Number of Combined Homes Sold this month	&nbsp	Jan 2007	3,540
vs. previous month	&nbsp	Dec 2006	3,104
vs. same month last year	&nbsp	Jan 2006	2,843
Average days on Market: (Combined Sales)		Jan 2007	120.45
&nbsp	&nbsp	Dec 2006	113.34
&nbsp	&nbsp	Jan 2006	109.14
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Jan 2007	29.81 weeks
&nbsp	&nbsp	Dec 2006	34.25 weeks
&nbsp	&nbsp	Jan 2006	37.17 weeks
Median Sold Price:Single Family		Jan 2007	$236,000
&nbsp	&nbsp	Dec 2006	$247,500
&nbsp	&nbsp	Jan 2006	$245,000
Condo	&nbsp	Jan 2007	$154,900
&nbsp	&nbsp	Dec 2006	$150,000
&nbsp	&nbsp	Jan 2006	$155,000

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