Denver Sales Statistics February 2007

The Berkshire Group Realtors track Denver real estate trends by keeping records of the various real estate transactions. Here you can see what Denver’s average home price is or the average Denver Condo price. Other important information for home sellers is the "days on market". This figure is based on the Denver absorption rate, assuming no more homes come on the market, it will take this long to absorb the current inventory of homes for sale.

Metro Denver Prices:

Single Family Average Price:
(Detached Dwelling) Feb 2007 $292,143
  Jan 2007  $297,368
  Feb 2006  $305,017 
Condo Average Price
(Attached Dwelling)  Feb 2007 $169,498
  Jan 2007 $170,440
  Feb 2006 $175,422  
Combined Average Price Feb 2007 $265,272
  Jan 2007 $266,066
  Feb 2006 $276,746

Percent of Sales Price Change: (from February 2006 to February 2007)

Single Family -4.22%
Condo -3.38%
Average -4.15%
Total Combined Number of Homes for Sale Feb 2007 24,838
  Jan 2007 24,350
  Feb 2006 25,484
   
Percent of Change in Available Inventory:
(Feb 2006 vs. Feb 2007)     -2.53%  
Number of Combined Homes Sold this Month Feb 2007 3,090
vs. the previous month Jan 2007 3,540
vs. the same month last year: Feb 2006 3,273
   
Average days on Market – Feb 2007 125.22
(combined sales) Jan 2007 120.45
  Feb 2006 109.58
   
Absorption Rate: Feb 2007 34.83 weeks
(number of weeks necessary to sell current Jan 2007 29.81 weeks
combined inventory at current rate of sales) Feb 2006 33.74 weeks
Median Sold Price:
Single Family Feb 2007 $235,000
Jan 2007 $236,000
Feb 2006 $238,500
Condo   Feb 2007 $144,950
Jan 2007 $154,900
Feb 2006 $149,440

 

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