Denver Sales Statistics March 2006

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: Mar 2006 $313,339
(Detached Dwelling) Feb 2006  $305,017
  Mar 2005  $292,046
   
Condo Average Price Mar 2006 $182,727
(Attached Dwelling)  Feb 2006 $175,422
  Mar 2005 $184,409
   
Combined Average Price Mar 2006 $284,489
  Feb 2006 $276,746
  Mar 2005 $269,254

Percent of Sales Price Change: (from Mar 2005 to Mar 2006)

Single Family +7.29%
Condo -0.91%
Combined +5.66%
Total Combined Number of Homes for Sale Mar 2006 27,309
  Feb 2006 25,484
  Mar 2005 23,023
   
Percent of Change in Available Inventory:
 +18.62%
(Mar 2005 vs. Mar 2006)   
Number of Combined Homes Sold this Month Mar 2006 4,405
vs. the previous month Feb 2006 3,273
vs. the same month last year: Mar 2005 3,778
   
Average days on Market – Mar 2006 104.96
(combined sales) Feb 2006 109.58
Mar 2005 99.87
   
Absorption Rate: Mar 2006 26.86 weeks
(number of weeks necessary to sell current Feb 2006 33.74 weeks
combined inventory at current rate of sales) Mar 2005 26.41 weeks
Median Sold Price:
Single Family Mar 2006 $247,500
Feb 2006 $238,500
Mar 2005 $236,500
Condo   Mar 2006 $159,900
Feb 2006 $149,440
Mar 2005 $158,500

 

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