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