Denver Sales Statistics – January 2008

Single Family Average Price: Jan. 2008 – $281,203
(Detached Dwelling) Dec. 2007 – $287,874
Jan. 2007 – $297,368
Condo Average Price Jan. 2008 – $165,510
Dec. 2007 – $177,805
Jan. 2007 – $170,440
Combined Average Price Jan. 2008 – $256,569
Dec. 2007 – $261,716
Jan. 2007 – $266,066

Percent of Sales Price Change: (from Jan. 2007 to Jan. 2008)

Single Family -5.44%
Condo -2.89%
Average -3.57%

Total Combined Number of Homes for Sale Jan. 2008 – 24,489
Dec. 2007 – 24,603
Jan. 2007 – 24,350
Percent of Change in Available Inventory:
(Dec. 2002 vs Dec. 2003)		 0.57%
Number of Combined Homes Sold this Month Jan. 2008 -2,987
vs. the previous month Dec. 2007 – 3,219
vs. the same month last year: Jan. 2007 – 3,540
Average days on Market – Jan. 2004 vs Dec. 2003 Jan. 2008 -113.64
(combined sales) Dec. 2007 -107.14
Jan. 2007 -120.45
Absorption Rate: Jan. 2008 – 35.53 weeks
(number of weeks necessary to sell current Dec. 2007 – 33.12 weeks
combined inventory at current rate of sales) Jan. 2007 – 29.81 weeks
Median Sold Price: Single Family Jan. 2008 – $216,950
Dec. 2007 – $220,000
Jan. 2007 – 236,000
Condo Jan. 2008 – $134,000
Dec. 2007 – $140,000
Jan. 2007 – $154,900

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