2008 ~ August

August 2008 Metro Denver Prices:
Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) August 2008 $284,531
July 2008 $283,860
August 2007 $329,783
Condo Average Price: (Attached Dwelling) August 2008 $173,823
July 2008 $169,474
August 2007 $182,741
Combined Average Price: August 2008 $261,107
July 2008 $262,225
August 2007 $298,466
Percent of Sales Price Change: from August 2007 to August 2008 Single Family: -13.72%
Condo: -4.88%
Combined -12.52%
Total Combined Number of Homes for Sale: August 2008 24,648
July 2008 25,673
August 2007 30,827
Percent of Change in Available Inventory: (August 2007 vs. August 2008) -20.04%
Number of Combined Homes Sold this month August 2008 4,542
vs. previous month July 2008 5,123
vs. same month last year August 2007 5,010
Average days on Market: (Combined Sales) August 2008 98.48
July 2008 97.57
August 2007 94.13
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) August 2008 23.52 weeks
July 2008 21.72 weeks
August 2007 26.66 weeks
Median Sold Price:Single Family August 2008 $225,000
July 2008 $229,200
August 2007 $257,500
Condo August 2008 $140,000
July 2008 $149,000
August 2007 $152,500

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