Denver Sales Statistics May 2006

Current Average Home Prices 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: May 2006 $315,257
(Detached Dwelling) Apr 2006  $318,949
  May 2005  $305,730
   
Condo Average Price May 2006 $189,986
(Attached Dwelling)  Apr 2006 $188,146
   May 2005 $195,567
   
Combined Average Price May 2006 $287,327
  Apr 2006 $288,621
  May 2005 $281,062

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

Single Family +3.12%
Condo -2.85%
Average +2.23%
Total Combined Number of Homes for Sale May 2006 30,457
  Apr 2006 29,045
  May 2005 24,945
   
Percent of Change in Available Inventory:
 +22.10%
(May 2005 vs. May 2006)   
Number of Combined Homes Sold this Month May 2006 5,010
vs. the previous month Apr 2006 4,300
vs. the same month last year: May 2005 4,631
   
Average days on Market – May 2006 96.58
(combined sales) Apr 2006 102.78
  May 2005 82.27
   
Absorption Rate: May 2006 26.34 weeks
(number of weeks necessary to sell current Apr 2006 29.27 weeks
combined inventory at current rate of sales) May 2005 23.34 weeks
Median Sold Price: May 2006 $250,943
Single Family Apr 2006 $250,000
May 2005 $244,000
Condo   May 2006 $160,000
Apr 2006 $157,400
May 2005 $159,500

 

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