February 2007
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Feb 2007 | $292,143 | |
| Jan 2007 | $297,368 | ||
| Feb 2006 | $305,017 | ||
| Condo Average Price: (Attached Dwelling) | Feb 2007 | $169,498 | |
| Jan 2007 | $170,440 | ||
| Feb 2006 | $175,422 | ||
| Combined Average Price: | Feb 2007 | $265,272 | |
| Jan 2007 | $266,066 | ||
| Feb 2006 | $276,746 | ||
| Percent of Sales Price Change: from February 2006 to February 2007 | Single Family: | -4.22% | |
| Condo: | -3.38% | ||
| Combined | -4.15% | ||
| Total Combined Number of Homes for Sale: | Feb 2007 | 24,838 | |
| Jan 2007 | 24,350 | ||
| Feb 2006 | 25,484 | ||
| Percent of Change in Available Inventory: (Feb 2006 vs. Feb 2007) | -2.53% | ||
| Number of Combined Homes Sold this month | Feb 2007 | 3,090 | |
| vs. previous month | Jan 2007 | 3,540 | |
| vs. same month last year | Feb 2006 | 3,273 | |
| Average days on Market: (Combined Sales) | Feb 2007 | 125.22 | |
| Jan 2007 | 120.45 | ||
| Feb 2006 | 109.58 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Feb 2007 | 34.83 weeks | |
| Jan 2007 | 29.81 weeks | ||
| Feb 2006 | 33.74 weeks | ||
| Median Sold Price:Single Family | Feb 2007 | $235,000 | |
| Jan 2007 | $236,000 | ||
| Feb 2006 | $238,500 | ||
| Condo | Feb 2007 | $144,950 | |
| Jan 2007 | $154,900 | ||
| Feb 2006 | $149,440 |
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
Related posts:
Kristal Kraft
