Denver Sales Statistics April 2007

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.

Metro Denver Prices:

Single Family Average Price: Apr 2007 $322,510
(Detached Dwelling) Mar 2007  $302,084
  Apr 2006  $318,949
   
Condo Average Price Apr 2007 $182,451
(Attached Dwelling)  Mar 2007 $183,451
  Apr 2006 $188,146
   
Combined Average Price Apr 2007 $293,016
  Mar 2007 $275,465
  Apr 2006 $288,621

Percent of Sales Price Change: (from April 2006 to April 2007)

Single Family 1.12%
Condo -2.97%
Average 1.52%
Total Combined Number of Homes for Sale Apr 2007 27,858
  Mar 2007 26,430
  Apr 2006 29,045
   
Percent of Change in Available Inventory:
-4.09%
(Apr 2006 vs. Apr 2007)   
Number of Combined Homes Sold this Month Apr 2007 4,399
vs. the previous month Mar 2007 4,274
vs. the same month last year:  Apr 2006 4,300
   
Average days on Market – Apr 2007 109.90
(combined sales) Mar 2007 119.24
  Apr 2006 102.78
   
Absorption Rate: Apr 2007 27.44 weeks
(number of weeks necessary to sell current Mar 2007 26.80 weeks
combined inventory at current rate of sales) Apr 2006 29.27 weeks
Median Sold Price: Apr 2007 $248,000
Single Family Mar 2007 $240,000
Apr 2006 $250,000
Condo   Apr 2007 $148,900
Mar 2007 $153,000
Apr 2006 $157,400

 

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