Denver Sales Statistics ~ March 2008

Single Family Average Price: Mar. 2008 – $274,693
(Detached Dwelling) Feb. 2008 – $278,871
  Mar. 2007 – $302,084
   
Condo Average Price Mar. 2008 – $173,493
  Feb. 2008 – $171,817
  Mar. 2007 – $183,451
   
Combined Average Price Mar. 2008 – $254,0115
  Feb. 2008 – $255,362
  Mar. 2007 – $275,465

Percent of Sales Price Change: (from March  2007 to March 2008)

Single Family -9.07%
Condo -5.43%
Average -7.79%
Total Combined Number of Homes for Sale Mar. 2008 – 25.516
  Feb. 2008 – 25.037
  Mar. 2007 – 26,430
   
Percent of Change in Available Inventory:
(Mar. 2007 vs Mar. 2008)		 -3.46%
   
Number of Combined Homes Sold this Month Mar. 2008 -  3,708
vs. the previous month Feb. 2008 -  3,001
vs. the same month last year: Mar. 2007 – 4,274
   
Average days on Market – Mar. 2008 vs Mar. 2007 Mar. 2008 – 110.84
(combined sales) Feb. 2008 – 113.64
  Mar. 2007 – 119.14
   
Absorption Rate: Mar. 2008 – 29.81 weeks
(number of weeks necessary to sell current Feb. 2008 – 36.15 weeks
combined inventory at current rate of sales) Mar. 2007 – 26.80 weeks
Median Sold Price: Single Family Mar. 2008 – $224,900
Feb. 2008 – $221,486
Mar. 2007 – $240,000
Condo Mar. 2008- 132,000
Feb. 2008 -$133,750
Mar. 2007 – $153,000

 

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