Denver Sales Statistics March 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: Mar 2007 $302,084
(Detached Dwelling) Feb 2007  $292,143
  Mar 2006  $313,339
   
Condo Average Price Mar 2007 $183,451
(Attached Dwelling)  Feb 2007 $169,498
  Mar 2006 $182,727
   
Combined Average Price Mar 2007 $275,465
  Feb 2007 $265,272
  Mar 2006 $284,489

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

Single Family -3.59%
Condo +0.40%
Average -3.17%
Total Combined Number of Homes for Sale Mar 2007 26,430
  Feb 2007 24,838
  Mar 2006 27,309
   
Percent of Change in Available Inventory:
  -3.22%
(Mar 2006 vs. Mar 2007)    
Number of Combined Homes Sold this Month Mar 2007 4,274
vs. the previous month Feb 2007 3,090
vs. the same month last year: Mar 2006 4,405
   
Average days on Market – Mar 2007 119.24
(combined sales) Feb 2007 125.22
  Mar 2006 104.96
   
Absorption Rate: Mar 2007 26.80 weeks
(number of weeks necessary to sell current Feb 2007 34.83 weeks
combined inventory at current rate of sales) Mar 2006 26.86 weeks
Median Sold Price:
Single Family Mar 2007 $240,000
Feb 2007 $235,000
Mar 2006 $247,500
Condo   Mar 2007 $153,000
Feb 2007 $144,950
Mar 2006 $159,900

 

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