Denver Real Estate Statistics – April 2009

April 2009

Metro Denver Prices:

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) &nbsp April 2009 $254,442
&nbsp &nbsp March 2009 $251,583
&nbsp &nbsp April 2008 $267,259
Condo Average Price: (Attached Dwelling) &nbsp April 2009 $150,560
&nbsp &nbsp March 2009 $151,716
&nbsp &nbsp April 2008 $175,245
Combined Average Price: &nbsp April 2009 $233,482
&nbsp &nbsp March 2009 $232,394
&nbsp &nbsp April 2008 $247,583
Percent of Sales Price Change:
from April 2008 to April 2009
&nbsp Single Family: -4.80%
&nbsp &nbsp Condo: -14.09%
&nbsp &nbsp Combined -5.70%
Total Combined Number of Homes for Sale: &nbsp April 2009 20,705
&nbsp &nbsp March 2009 20,628
&nbsp &nbsp April 2008 26,171
Percent of Change in Available Inventory: (April 2008 vs. April 2009) &nbsp &nbsp -20.89%
Number of Combined Homes Sold this month &nbsp April 2009 3,390
vs. previous month &nbsp March 2009 3,206
vs. same month last year &nbsp April 2008 4,265
Average days on Market: (Combined Sales) April 2009 103.61
&nbsp &nbsp March 2009 106.00
&nbsp &nbsp April 2008 106.42
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)

&nbsp April 2009 26.47 weeks
&nbsp &nbsp March 2009 27.88 weeks
&nbsp &nbsp April 2008 26.59 weeks
Median Sold Price:Single Family April 2009 $210,000
&nbsp &nbsp March 2009 $203,950
&nbsp &nbsp April 2008 $222,550
Condo &nbsp April 2009 $130,000
&nbsp &nbsp March 2009 $128,500
&nbsp &nbsp April 2008 $134,500

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