Denver Sales Statistics May 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:	May 2007 $318,904
(Detached Dwelling)	Apr 2007 $322,510
	May 2006 $315,257

Condo Average Price	May 2007 $183,896
(Attached Dwelling)	Apr 2007 $182,549
	May 2006 $189,986

Combined Average Price	May 2007 $288,905
	Apr 2007 $293,016
	May 2006 $287,327

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

Single Family	1.16%
Condo	-3.21%
Average	0.55%

Total Combined Number of Homes for Sale	May 2007 29,110
	Apr 2007 27,858
	May 2006 30,457

Percent of Change in Available Inventory:	-4.42%
(May 2006 vs. May 2007)
Number of Combined Homes Sold this Month	May 2007 5,081
vs. the previous month	Apr 2007 4,399
vs. the same month last year:	May 2006 5,010

Average days on Market –	May 2007 102.44
(combined sales)	Apr 2007 109.90
	May 2006 96.58

Absorption Rate:	May 2007 24.83 weeks
(number of weeks necessary to sell current	Apr 2007 27.44 weeks
combined inventory at current rate of sales)	May 2006 26.34 weeks

Median Sold Price:	May 2007 $251,155
Single Family	Apr 2007 $248,000
	May 2006 $250,943
Condo	May 2007 $155,000
	Apr 2007 $148,900
	May 2006 $160,000