Denver Real Estate Sales Statistics ~ July 2008

Metro Denver Prices:
Single Family Average Price: (Detached Dwelling) Jul 2008 $283,860
Jun 2008 $286,887
Jul 2007 $316,024
Condo Average Price: (Attached Dwelling) Jul 2008 $169,474
Jun 2008 $190,367
Jul 2007 $192,885
Combined Average Price: Jul 2008 $262,225
Jul 2008 $267,005
Jul 2007 $289,294
Percent of Sales Price Change: from May 2007 to May 2008 Single Family: -10.18%
Condo: -12.14%
Combined -9.36%
Total Combined Number of Homes for Sale: Jul 2008 25,673
Jul 2008 26,104
Jul 2007 30,272
Percent of Change in Available Inventory: (May 2007 vs. May 2008) -15.19%
Number of Combined Homes Sold this month Jul 2008 5,123
vs. previous month Jun 2008 4,845
vs. same month last year Jul 2007 4,980
Average days on Market: (Combined Sales) Jul 2008 97.57
Jun 2008 96.88
Jul 2007 94.78
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) Jul 2008 21.72 weeks
Jun 2008 23.35 weeks
Jul 2007 26.34 weeks
Median Sold Price:Single Family Jul 2008 $229,200
Jun 2008 $230,000
Jul 2007 $255,000
Condo Jul 2008 $149,000
Jun 2008 $148,345
Jul 2007 $158,000
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