Denver Sales Statistics July 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:	July 2007 $316,024
(Detached Dwelling)	Jun 2007 $334,833
	July 2006 $328,721

Condo Average Price	July 2007 $192,885
(Attached Dwelling)	Jun 2007 $186,328
	July 2006 $194,705

Combined Average Price	July 2007 $289,294
	Jun 2007 $304,055
	July 2006 $299,680

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

Single Family	-3.86%
Condo	-0.93%
Average	-3.47%

Total Combined Number of Homes for Sale	July 2007 30,272
	Jun 2007 30,256
	July 2006 31,989

Percent of Change in Available Inventory:	-5.37%
(July 2006 vs. July 2007)
Number of Combined Homes Sold this Month	July 2007 4,980
vs. the previous month	Jun 2007 5,129
vs. the same month last year:	Jul 2006 4,850

Average days on Market –	July 2007 94.78
(combined sales)	Jun 2007 96.90
	Jul 2006 94.98

Absorption Rate:	July 2007 26.34 weeks
(number of weeks necessary to sell current	Jun 2007 25.56 weeks
combined inventory at current rate of sales)	July 2006 28.58 weeks

Median Sold Price:	July 2007 $255,000
Single Family	Jun 2007 $263,000
	Jul 2006 $259,500
Condo	July 2007 $158,000
	Jun 2007 $157,950
	Jul 2006 $163,000