Denver Metro area home sale statistics – April 2006

April 2006

Metro Denver Prices:

Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)	&nbsp	Apr 2006	$318,949
&nbsp	&nbsp	Mar 2006	$313,339
&nbsp	&nbsp	Apr 2005	$307,308
Condo Average Price: (Attached Dwelling)	&nbsp	Apr 2006	$188,146
&nbsp	&nbsp	Mar 2006	$182,727
&nbsp	&nbsp	Apr 2005	$181,873
Combined Average Price:	&nbsp	Apr 2006	$288,621
&nbsp	&nbsp	Mar 2006	$284,489
&nbsp	&nbsp	Apr 2005	$279,450
Percent of Sales Price Change: from Apr 2005 to Apr 2006	&nbsp	Single Family:	+3.79%
&nbsp	&nbsp	Condo:	+3.45%
&nbsp	&nbsp	Combined	+3.28%
Total Combined Number of Homes for Sale:	&nbsp	Apr 2006	29,045
&nbsp	&nbsp	Mar 2006	27,309
&nbsp	&nbsp	Apr 2005	24,164
Percent of Change in Available Inventory: (Apr 2005 vs. Apr 2006)	&nbsp	&nbsp	+20.20%
Number of Combined Homes Sold this month	&nbsp	Apr 2006	4,300
vs. previous month	&nbsp	Mar 2006	4,405
vs. same month last year	&nbsp	Apr 2005	5,151
Average days on Market: (Combined Sales)		Apr 2006	102.78
&nbsp	&nbsp	Mar 2006	104.96
&nbsp	&nbsp	Apr 2005	92.66
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)	&nbsp	Apr 2006	29.27 weeks
&nbsp	&nbsp	Mar 2006	26.86 weeks
&nbsp	&nbsp	Apr 2005	20.33 weeks
Median Sold Price:Single Family		Apr 2006	$250,000
&nbsp	&nbsp	Mar 2006	$247,500
&nbsp	&nbsp	Apr 2005	$245,000
Condo	&nbsp	Apr 2006	$157,400
&nbsp	&nbsp	Mar 2006	$159,900
&nbsp	&nbsp	Apr 2005	$153,850

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog