The Berkshire Group Realtors track Denver real estate trends by keeping records of the various real estate transactions. Here you can see what Denver’s average home price is or the average Denver Condo price. Other important information for home sellers is the “days on market”. This figure is based on the Denver absorption rate, assuming no more homes come on the market, it will take this long to absorb the current inventory of homes for sale.
October 2008
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | October 2008 | $250,172 | |
| September 2008 | $260,118 | ||
| October 2007 | $289,754 | ||
| Condo Average Price: (Attached Dwelling) | October 2008 | $164,686 | |
| September 2008 | $161,960 | ||
| October 2007 | $176,222 | ||
| Combined Average Price: | October 2008 | $232,284 | |
| September 2008 | $239,428 | ||
| October 2007 | $265,236 | ||
| Percent of Sales Price Change: from October 2007 to October 2008 |
Single Family: | -13.66% | |
| Condo: | -6.55% | ||
| Combined | -12.42% | ||
| Total Combined Number of Homes for Sale: | October 2008 | 23,120 | |
| September 2008 | 23,923 | ||
| October 2007 | 28,928 | ||
| Percent of Change in Available Inventory: (October 2007 vs. October 2008) |   | -20.08% | |
| Number of Combined Homes Sold this month | October 2008 | 4,282 | |
| vs. previous month | September 2008 | 4,265 | |
| vs. same month last year | October 2007 | 3,848 | |
| Average days on Market: (Combined Sales) | October 2008 | 94.88 | |
| September 2008 | 96.48 | ||
| October 2007 | 96.51 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | October 2008 | 23.40 weeks | |
| September 2008 | 24.31 weeks | ||
| October 2007 | 32.58 weeks | ||
| Median Sold Price:Single Family | October 2008 | $206,000 | |
| September 2008 | $216,150 | ||
| October 2007 | $234,200 | ||
| Condo | October 2008 | $130,300 | |
| September 2008 | $139,900 | ||
| October 2007 | $140,000 |
Kristal Kraft
