Denver Sales Statistics February 2008

Single Family Average Price: Feb. 2008 – $278,871
(Detached Dwelling) Jan. 2008 – $281,203
  Feb. 2007 – $292,143
   
Condo Average Price Feb. 2008 – $171,817
  Jan. 2007 – $165,510
  Feb. 2007 – $169,498
   
Combined Average Price Feb. 2008 – $255,362
  Jan. 2008 – $256,569
  Feb. 2003 – $265,272

Percent of Sales Price Change: (from Feb. 2008 to Feb. 2008)

Single Family -4.5%
Condo +1.37%
Average -3.74%
Total Combined Number of Homes for Sale Feb. 2008 – 25,037
  Jan. 2008 – 24,489
  Feb. 2007 – 24,838
   
Percent of Change in Available Inventory:
(Feb. 2008 vs Feb. 2008)		 +0.80%
   
Number of Combined Homes Sold this Month Feb. 2008 – 3,001
vs. the previous month Jan. 2008 -2,987
vs. the same month last year: Feb. 2008 – 3,090
   
Average days on Market – Feb . 2008 vs Dec. 2007 Feb. 2008 – 113.64
(combined sales) Jan. 2008 – 113.64
  Feb. 2007 – 125.22
   
Absorption Rate: Feb. 2008 – 36.15 weeks
(number of weeks necessary to sell current Jan. 2008 – 35.53 weeks
combined inventory at current rate of sales) Feb. 2007 – 34.83 weeks
Median Sold Price: Single Family Feb. 2008 – $221,486
Jan. 2008 – $216,950
Feb. 2007 – $235,000
Condo Feb. 2008 – $133,750
Jan. 2008 – $134,000
Feb. 2007 – $144,950

 

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