Denver Sales Statistics February 2006

Metro Denver Prices:

Single Family Average Price: Feb 2006 $305,017
(Detached Dwelling) Jan 2006  $306,982
  Feb 2005  $291,036
   
Condo Average Price Feb 2006 $175,422
(Attached Dwelling)  Jan 2006 $192,271
  Feb 2005 $186,418
 
Combined Average Price Feb 2006 $276,746
  Jan 2006 $280,554
  Feb 2005 $267,771

Percent of Sales Price Change: (from Feb 2005 to Feb 2006)

Single Family +4.80%
Condo -5.90%
Average +3.35%
Total Combined Number of Homes for Sale Feb 2006 25,484
  Jan 2006 24,387
  Feb 2005 21,730
   
Percent of Change in Available Inventory:
 +17.28%
(Feb 2005 vs. Feb 2006)   
Number of Combined Homes Sold this Month Feb 2006 3,273
vs. the previous month Jan 2005 2,843
vs. the same month last year: Feb 2005 2,779
   
Average days on Market – Feb 2006 109.58
(combined sales) Jan 2006 109.14
  Feb 2005 106.00
   
Absorption Rate: Feb 2006 33.74 weeks
(number of weeks necessary to sell current Jan 2006 37.17 weeks
combined inventory at current rate of sales) Feb 2005 33.88 weeks
Median Sold Price:
Single Family Feb 2006 $238,500
Jan 2006 $245,000
Feb 2005 $231,200
Condo   Feb 2006 $149,440
Jan 2006 $155,000
Feb 2005 $155,000

 

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